Bitcoin Touches $45k And Apple Allows Crypto Payments Via iPhone

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Last Updated on 11 February 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Bitcoin hit $45.6k overnight and seems to have put this whole January crash behind it already. At the time of writing, Bitcoin is changing hands for $43,500.

Over in the US, inflation hit it’s highest rate in 40 years and this caused stock markets to drop. The cryptosphere applauded Apple which will allow crypto payments via iPhone as from the end of this year.

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Apple Succeeds Where Facebook Failed

The rivalry between Tim Cook and Mark Zuckerberg is heating up. The CEOs of Apple and Meta (formerly Facebook) are clearly of a different generation, but given that Zuckerberg had to admit last week that his latest quarterly earnings disappointed. Not only because of TikTok rivalry but also because Apple no longer allowed Facebook to track their users on iPhone, the fight between them has been uppened.

Cook has now introduced a Tap to Pay feature for the iPhone, which hypothetically allows crypto payments as from the end of 2022 as well. It comes only a few weeks after Facebook buried its stablecoin project known as Diem (formerly Libra) and Apple saw it’s most downloaded app in China become a crypto-related one.

Tap to Pay

Apple Pay and Wallet’s Vice President Jennifer Bailey explained the new contactless Tap to Pay technology, stating:

As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone

In collaboration with payment platforms, app developers, and payment networks, we’re making it easier than ever for businesses of all sizes — from solopreneurs to large retailers — to seamlessly accept contactless payments and continue to grow their business.

Now, as Coinbase and Crypto.com continue to grow in the US and will both soon launch their own debit cards, it is possible that by the end of the year, Apple’s iPhone will allow you to link your Crypto.com debit card, which holds your crypto coins, and then allow you to pay for your groceries with VeChain, Ethereum or Bitcoin for example.

Zuckerberg, who dreamt of launching his own stablecoin but was rebuffed by a consortium of banks for invading on their territory, must be slapping himself by now. The only thing he can now hope for is the Metaverse, but that will take some time to get sized up.

IgorVetushko / Depositphotos.com