Circle brings out NFC payments in the battle for in-store Bitcoin convenience

Click here to view original web page at

Circle has announced it now supports NFC payments from its Android app. Joining other mobile wallets such as Hive, Mycelium, and LazyPay in using this technology, all are hoping to drive the acceptance of Bitcoin payments at the cash-register by increasing the convenience for users and merchants.

Announcing the news on the Circle Blog yesterday, the digital wallet and payment platform has joined an increasing number of mobile digital currency wallets that are seeking to replicate the ease with which shoppers are used to making payments in physical stores. In Europe there are more than 100 million contactless payment cards in circulation, almost half of which are in the UK, where users can shop and even use the London transport network with their wireless bank card. By offering a similar level of ease to make a digital currency payment in a physical store, start-ups like Circle are bringing Bitcoin technology more in-line with the expectations of everyday shoppers.

The ability to use this technology in a physical retailer does however depend on a few logistical steps on the part of the merchant involved too. Beyond the absolute issue of accepting Bitcoin as a valid form of payment, the merchant will require an NFC enabled payment system designed to cope with these transactions. Both Bitpay. XBTerminal, and the upcoming LazyPay currently have merchant apps capable of this, with Bitpay keen to show off their NFC compatibility with the Mycelium app, but integration with existing point-of-sale hardware and end-of-day accounting software is not guaranteed and could represent a headache for those accepting Bitcoin payments.

Danial Daychopan founder of LazyPay, also believes in the importance of NFC technology in potentially driving Bitcoin acceptance further into the mainstream. Speaking to CoinTelegraph he explained that,

"Quick, contactless payments with NFC technology have sped up the checkout process – and are popular with people using traditional credit and debit cards. To drive adoption of in-person Bitcoin payments, it’s vital that we also make paying with digital currencies effortless for shoppers”.

The LazyPay team are preparing to launch their own consumer-merchant payment app with NFC in the coming weeks, with news emerging on their Twitter here. Daychopan went on to add that:

“With LazyPay, our merchant payment app, we’ve made it really easy for people to buy goods in-store with Bitcoin, and a lot cheaper for merchants. Any technology that makes it faster to transact will only help the digital currency industry”.

If Circle is able to make this jump from Bitcoin being an often tricky and complicated payment form, dogged by QR codes and lengthy waiting times, to the slick user experience consumers have come to expect, then their ambition of a “move from the early adopters into more mainstream users” is brought a step closer.

One hurdle currently faced by all of the mobile wallets offering NFC payments however, is Apple's continued block on developer use of the technology built into the iPhone 6, Apple Watch, and newest iPad offerings. In an attempt to bolster their own ApplePay payments service, Apple has at least temporarily shut off access to the NFC chip that allows the close proximity payments system on the iOS system, meaning that Circle's upgraded app is only for Android users.

Near field communication, NFC

Did you enjoy this article? You may also be interested in reading these ones:

Announcing the news on the Circle Blog  yesterday, the digital wallet and payment platform has joined an increasing number of mobile digital currency wallets that are […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: car one twitter

Recent Posts

  • Bitcoin Business

Bakkt Kicks off Test-Launch Phase for Physical Bitcoin BTC Futures

Testing of Bakkt’s Bitcoin futures contracts starts today as the ICE-backed startup is trying out the underlying infrastructure to see… Read More

6 hours ago
  • Bitcoin Business

The Myth of Authority: Mnuchin Denies USD Is Used Criminally

U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used… Read More

6 hours ago
  • Bitcoin Business

Survey: Just Four Percent of US Public Favour Bitcoin or Other Crypto Assets as a 10+ Year Investment

According to a survey produced by financial services firm BankRate, Bitcoin and crypto do not represent a popular choice of… Read More

6 hours ago
  • Bitcoin Business

Analyst: Bakkt Could be a Huge Catalyst for Bitcoin; Is a Price Surge Inbound?

Despite facing multiple long delays, the highly anticipated Bakkt Bitcoin futures platform has finally began testing, and many analysts are… Read More

6 hours ago
  • Bitcoin Business

Robinhood Raises $323 Million, Still Worth Less Than Coinbase

Robinhood's $323 million fundraising haul values the trading app at $7.6 billion. But it's still worth less than Bitcoin exchange… Read More

6 hours ago
  • Bitcoin Business

Crypto Market Leaders Differ on Pace of Inst Adoption. Who’s Right?

Binance CEO says there's no influx of institutional investors in bitcoin and other crypto tokens, but reports say otherwise. |… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More