European Commission Acknowledges Apple's NFC Commitments for Increased Wallet Options, CBDC Support

Thursday, 11 July 2024, 15:24
The European Commission has officially recognized Apple's pledge to enable third-party wallets to utilize iPhone's NFC functionality. This move aims to expand wallet options and enhance support for Central Bank Digital Currencies (CBDCs). The acceptance of these commitments signifies a significant step towards fostering a more inclusive and innovative digital payment ecosystem, especially in the context of emerging CBDC initiatives.
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European Commission Acknowledges Apple's NFC Commitments for Increased Wallet Options, CBDC Support

EU Accepts Apple Commitments on NFC

The European Commission has solidified Apple's promise to permit third-party wallets access to iPhone's NFC functionality.

Increased Wallet Options and CBDC Support

This development aims to broaden wallet choices and bolster support for Central Bank Digital Currencies.

Significant Step Towards Innovation

The acknowledgment of these commitments signifies progress in fostering a more diverse and technologically advanced digital payment landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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