V - Apple unveils Tap to Pay on iPhone putting it in competition with Block

Apple (NASDAQ:AAPL) unveiled a new feature on Tuesday, known as Tap to Pay on iPhone, that will let small businesses take credit card payments directly from their iPhone, without the need for additional hardware. The new feature will let businesses "seamlessly and securely" take Apple Pay, contactless credit and debit cards and other digital wallets via a tap on their iPhone, putting them in direct competition with Block (NYSE:SQ) and other financial technology companies. “As more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security and convenience of iPhone,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet in a statement.  The announcement comes just days after it was reported that Apple was planning to unveil a

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Apple unveils Tap to Pay on iPhone, putting it in competition with Block