Apple has revolutionized P2P payments with the introduction of "Tap to Cash" in iOS 18. This remarkable new feature, available to all US iPhone users starting Autumn 2024, surpasses Venmo and Cash App in its simplicity and efficiency.

With Tap to Cash, iPhone users can send and receive Apple Cash or make payments effortlessly without needing to exchange any details. Just tap two iPhones together, and the transaction is done.

The excitement doesn't stop there. By integrating Apple Cash with Open Banking or, even better, an L2 protocol like The Lightning Network, users can experience the ultimate financial transaction system of the 21st century. This is truly groundbreaking.