Apple's introduction of Tap to Cash in iOS 18 presents a seamless money transfer method using Apple Pay, potentially overshadowing the utility of cryptocurrencies for payments.
Despite crypto's global acceptance among 6.8% of the population, challenges persist, including regulatory inconsistencies and perceived user experience issues.
While some countries have established clear frameworks for crypto regulation, others remain ambiguous, hindering broader adoption.
Additionally, the convenience and security offered by Apple's Tap to Cash within its ecosystem may attract users who prioritise ease of use over the complexities associated with crypto payments.
Until cryptocurrencies can match traditional payment methods in terms of simplicity and security, they may struggle to compete with innovations like Tap to Cash.