Apple and Circle Fuel Global P2P
9-14-2016
Powerhouse ETA member companies Apple and Circle are teaming up to enable cross-currency, peer-to-peer payments all via text message. Available on the new iOS 10, Circle for iMessage can transfer U.S. Dollars, Bitcoins, Pounds Sterling or Euros easily, instantly and globally between individuals using iMessage and can submit payments to those on SMS/MMS.
Customers using this new P2P option on iOS 10 will find a built in Circle app in iMessaging, and will be ready to go once they’ve linked a debit card to their account. Adding to the platform’s appeal and accessibility, consumers aren’t charged to send money using Circle for iMessage.
In their blog, Circle Founders Jeremy Allaire and Sean Neville said, “When we started Circle, we had a vision that “money should work the way that the internet works” — instant, open, global, free, and fun. We can share messages, experiences and photos and videos with one another; we can communicate in real-time with anyone on the planet; we can publish our news and opinions through any form of content, all in an instant, open, global, free and delightful way. Why shouldn’t money work the same way?”
Read more on the iPhone’s new payments capabilities on the Circle Blog.
About ETA
The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.
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