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Tap to Cash lets you pay by touching iPhones

Summary of Development

Apple’s WWDC 2024 keynote was packed, including a number of key new updates for iOS 18. One of the more interesting additions is Tap to Cash, which is more or less what it sounds like, letting users pay for things by tapping together a pair of iPhones. 

As the name also suggests, the feature is effectively an outgrowth of Apple Pay’s longstanding Tap to Pay feature. Similarly, the new addition likely uses the device’s NFC functionality. Apple notes that the feature transfers money without having to share any personal info — a nice added privacy element. 
Apple isn’t the first to bring this feature to market, but one wonders what effects this feature will ultimately have on standalone payment device/platforms like Square. 

The company also announced the ability to customize icons, as well as a new password manager app.