Concept of
Apple crypto

Research

I undertook significant research on the crypto market, and I was utterly lost as someone new to it.

The purpose of the study was to understand the significant pain points users experience using crypto today and how it is possible to implement better payments with crypto daily in future.

Crypto work using blockchain, a decentralised technology spread across many computers managing and recording transactions. Part of the appeal of this technology is its security.

While some crypto is available for purchase with U.S. dollars, others require paying with Bitcoins or another crypto.

To buy crypto, you need a "wallet" — an online app that can hold your currency. You create an account via the exchange platform, and then you can top up the account with fiat money to buy cryptos such as Bitcoin or Ethereum.

How does the user transfer crypto?
To send crypto, you'll need the recipient's wallet address. A wallet address is a long string of characters, similar to a bank account number, that identifies where the crypto should go.

Since crypto wallet addresses are long, they're often shown as a QR code you can scan via your crypto app.

Basic crypto information

Some important things to note:

• Each type of crypto has its own address, so make sure you send Bitcoin to a Bitcoin address and Ethereum to an Ethereum address.
• The transfer method is almost the same for all crypto and mostly takes some time (approx. 5-30 minutes).
• If you're a customer of any crypto service (for example, Coinbase), you can send crypto to others for free, and the system will assume the risks, allowing the receiver to use the money instantly. The risk is associated with the delay in transfer, which can cause damage in case of sudden fluctuations.

So what's the problem?

• Cryptomarket is confusing.
• Too many similar apps.
• Users don't understand why crypto is useful.
• It takes some time for the transaction to be confirmed.
• Loss of the keys leads to loss of money.

I think It is only a matter of time until Facebook absorbs Binance or Apple adds crypto to Apple Wallet. And this is the scenario I decided to think through.

Hypothesis

We believe that adding crypto to Apple Wallet for iOS users will achieve simplified crypto usage.

Flow

All the user needs to do is to double-tap the side button on their iPhone, confirm the payment with Touch ID, Face ID or password and present the phone to a card reader.

There is still a chance that the user won't have specific crypto to pay, then there is an option to add one. The user has to press the button with a 'plus' icon adding a new payment method, and select the currency. Hooray! It's successfully added. At first, the user tops up their balance to be able to pay.

There are three options in this case:

• Ask someone to send you crypto.
• Buy crypto.
• Exchange crypto.

Summary

The easiest way to pay for food in the grocery store with your phone is by Apple Pay or Google Pay.

I followed Human Interface Guidelines and made the design as close to Apple's products as possible, so it would align with the Apple Wallet's interface.