What is NFC (Near Field Communication)?

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Near Field Communication (NFC) is a short-range, high-frequency wireless communication technology that enables two electronic devices, one of which is typically a portable device like a smartphone, to establish communication by bringing them within a few centimeters of each other, primarily facilitating secure, rapid, and contactless transactions and data exchange.

NFC (Near Field Communication)

What is NFC (Near Field Communication)?

What is Near Field Communication (NFC) and how does it work in modern payment systems?

How does NFC technology enhance the security of contactless payments compared to traditional methods?

What is the role of NFC in the emerging landscape of stablecoins, CBDCs, and blockchain-based payments?

What are the key limitations and future developments for Near Field Communication in the financial technology sector?

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