tl;dr
Tech giant Apple has introduced an upgrade enabling Near Field Communication (NFC) contactless transactions on iOS 18.1, potentially allowing users to utilize Circle USDC stablecoin as a payment method on their iPhones. While Apple did not mention Circle USDC in its announcement, CEO Jeremy Allaire ...
Apple Introduces Upgrade Enabling NFC Contactless Transactions on iOS 18.1 Tech giant Apple has introduced an upgrade enabling Near Field Communication (NFC) contactless transactions on iOS 18.1, potentially allowing users to utilize Circle USDC stablecoin as a payment method on their iPhones. The upgrade might impact the adoption of Circle USDC among merchants, as indicated by CEO Jeremy Allaire.
Jeremy Allaire, the CEO of Circle USDC, suggested that iOS users could leverage the stablecoin for payments on their iPhones in sync with the latest enhancements. The upgrade is expected to trigger an upsurge in the altcoin market, especially if there is institutional adoption, such as potential Bitcoin ETF adoption by banks like Goldman Sachs.
Apple's developers will enable NFC contactless transactions on iOS 18.1, directly impacting in-store payments, including a wide range of applications such as car keys, closed-loop transit, corporate badges, student IDs, home keys, hotel keys, merchant loyalty and rewards cards, and event tickets. The Secure Element within users' apps on their iPhones, not the Apple Pay app or Apple Wallet, will facilitate this.
Even though Apple made no mention of Circle USDC in its announcement, Allaire confirmed that the upgrade opens up the use of the NFC chip to third-party app developers, including various Virtual Asset Service Providers (VASPs) like crypto exchanges, Web3, and crypto wallets for transactions.
Allaire is optimistic about the upgrade's potential to drive Circle USDC adoption due to its high-performance and low-fee blockchain networks, positioning the stablecoin to be adopted by numerous merchants. The integration of tech and crypto solutions underscores the increasing collaboration between traditional businesses and blockchain technology. This, along with the potential institutional adoption of Bitcoin ETFs, could trigger an upsurge in the altcoin market and have a positive ripple impact on other crypto solutions in the traditional financial ecosystem, following recent disclosures from banking giants such as Morgan Stanley, BNP Paribas, and the State of Wisconsin Investment Board.
More about Visteon Corp
Visteon Corp Summary
Visteon Corporation designs, manufactures, and manufactures connected car solutions and automotive electronics for vehicle manufacturers around the world. The company is headquartered in Van Buren, Michigan.
Industry: Manufacturing, Motor Vehicle Parts & Accessories
Market Cap: $2.71 billion
Dividend Yield: 5.11%
P/E Ratio: None
EPS: 18.92
52-Week High: $142.38
52-Week Low: $0.138
Revenue: $3.95 billion
Operating Margin: 13.83%
Return on Equity: 2.629
Debt/Equity: 0.032
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Understanding Support and Resistance Levels in Technical Analysis
Support and resistance levels are critical concepts in technical analysis. They represent key price levels where a stock often reverses its direction. Identifying these levels can provide valuable insights for traders and investors.
Support level is a price level where a stock tends to find buying interest, preventing it from falling further. It indicates a potential opportunity to buy as the stock may rebound from this level.
Resistance level, on the other hand, is a price level where a stock tends to encounter selling pressure, preventing it from rising further. It suggests a potential opportunity to sell as the stock may pull back from this level.
Implications for Traders
Understanding support and resistance levels can help traders make informed decisions. If a stock price approaches a support level, it may be a good time to consider buying, anticipating a potential price bounce. Conversely, when a stock price nears a resistance level, it may be wise to consider selling, expecting a potential price retreat.
Key Takeaway
Incorporating support and resistance levels into technical analysis can enhance a trader's ability to identify entry and exit points with improved precision, ultimately aiding in the pursuit of favorable trading outcomes.
More about C3 Ai Inc
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C3 Ai Inc (C3), a company in the technology and prepackaged software services sector, reported a net income of -2.34, with a diluted EPS of 2.602. The company's revenue stood at -0.901, with a total revenue of 310582000. C3's operating margin was 28.39, with a profit margin of 0.196.
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