Revolutionary Apple opening to external NFC and SE wallets

Apple Opens NFC and SE Architecture to External Wallets

Apple has announced that external wallets will now be able to utilize the Near Field Communication (NFC) and Secure Element (SE) architecture of the company. This change could transform both digital payments and digital identity ecosystems.

Key Importance of SE Access for the Development of Digital Euro

The European Central Bank should be pleased with Apple’s move, as it plans to introduce the digital euro, and access to the Secure Element is essential for offline payments based on mobile devices.

Necessity of Competition to Improve the Ecosystem

Apple will need competition to continue evolving, which will benefit both the entire ecosystem and the company itself. There is potential for the development of diverse features and innovative solutions by external providers within the Apple Wallet context.

Development of the Apple Wallet Ecosystem and the Digital Identity Domain

The development of the Apple Wallet ecosystem may have a greater impact on the identity sector than on payments, enabling the development of digital public infrastructure. Apple will not charge governments for access to the ecosystem, but will certainly impose commercial fees.

Benefits of Digital Wallets for Users

The introduction of digital wallets will bring both security and convenience in using various types of digital wallets. The digital wallet could become the main communication channel between customers and brands, as confirmed by Jamie Smith. There is also potential for the development of smart wallets that store concert tickets as NFTs, enhancing both the security and convenience for users.