Apple's major update to payment features impacts these US stocks the most
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Apple Inc. unveiled the Tap to Cash feature and Apple Pay online payment service at the WWDC 2024 conference, along with an expansion of its "Buy Now, Pay Later" feature. This has impacted several publicly traded payment stocks. The new Tap to Cash feature allows iPhone users in the United States to send and receive Apple Cash by holding two phones together. Another feature of iOS 18 is the ability for Apple Pay to be used on desktop browsers outside of Safari, such as Firefox, Chrome, and Edge. These updates may pose challenges to competitors like PayPal
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