Apple iPhone Users Can Now Send Bitcoin Directly via Messages

Wednesday, 14/09/2016 | 07:52 GMT by Avi Mizrahi
  • Shortly after removing rival cryptocurrencies and bitcoin wallets, Apple approves Circle for iMessage.
Apple iPhone Users Can Now Send Bitcoin Directly via Messages
FM Studio

When Apple closes a door, Apple opens a window. Good news iOS cryptocurrency users, after recently removing the ShapeShift App and restricting support to only Bitcoin , Ethereum, Litecoin, Doge, Ripple or The DAO, the firm is now allowing Bitcoin Payments in its ecosystem.

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Apple has approved Circle for iMessage, which enables devices using iOS 10 to send and receive social and personal payments without fees directly within Apple’s iMessage. The feature supports dollars, euro, pound sterling and bitcoin, and can fund payments and cash out using almost any bank in the US and the UK. Circle additionally promises that support for European banks is coming soon.

If you are using Android and someone sends you a payment via iMessage, you will receive a URL to cash out, send your own payments, or install the Circle app for Android. As for users outside of markets in which Circle currently supports local currency, they will receive bitcoin, and can cash out to their local bank account and currency using a regional bitcoin exchange.

Catching up to China

In June Circle announced that it raised $60 million of new capital from a group of strategic Chinese investors and launched Circle China, a Beijing-based venture focused on making it a major player in the Chinese payments market.

It now explains that the West is backward compared to messaging digital cash in China, where companies like Tencent and Alipay serve as a ubiquitous platform. This integration with iMessage is meant to bring the rest of the world up to speed.

Circle promises that it is continually working on adding new markets and currencies, including its previously announced effort to bring the Chinese yuan (RMB) into Circle’s service.

When Apple closes a door, Apple opens a window. Good news iOS cryptocurrency users, after recently removing the ShapeShift App and restricting support to only Bitcoin , Ethereum, Litecoin, Doge, Ripple or The DAO, the firm is now allowing Bitcoin Payments in its ecosystem.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

Apple has approved Circle for iMessage, which enables devices using iOS 10 to send and receive social and personal payments without fees directly within Apple’s iMessage. The feature supports dollars, euro, pound sterling and bitcoin, and can fund payments and cash out using almost any bank in the US and the UK. Circle additionally promises that support for European banks is coming soon.

If you are using Android and someone sends you a payment via iMessage, you will receive a URL to cash out, send your own payments, or install the Circle app for Android. As for users outside of markets in which Circle currently supports local currency, they will receive bitcoin, and can cash out to their local bank account and currency using a regional bitcoin exchange.

Catching up to China

In June Circle announced that it raised $60 million of new capital from a group of strategic Chinese investors and launched Circle China, a Beijing-based venture focused on making it a major player in the Chinese payments market.

It now explains that the West is backward compared to messaging digital cash in China, where companies like Tencent and Alipay serve as a ubiquitous platform. This integration with iMessage is meant to bring the rest of the world up to speed.

Circle promises that it is continually working on adding new markets and currencies, including its previously announced effort to bring the Chinese yuan (RMB) into Circle’s service.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2727 Articles
  • 10 Followers
About the Author: Avi Mizrahi
Azi Mizrahi, expert in fintech trends and global markets, enriches readers with deep insights.
  • 2727 Articles
  • 10 Followers

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