'Sigsafe' Key Tag Brings Bitcoin Payments to NFC Devices

'Sigsafe' Key Tag Brings Bitcoin Payments to NFC Devices

Designed to balance on-the-go payments with secure storage, Sigsafe is an electronic key that allows bitcoin transactions between near-field communication (NFC) devices. "Securely storing your bitcoins is too complicated right now!" Sigsafe's architect Peter R told CoinDesk. It was for this reason that he designed a tool to make securing bitcoins easier - one that would "just work" for the average user. NFC-enabled payments are often trumpeted as a revolutionary commercial tool. Users can store their digital money on a device - a smartphone for example - tap a point-of-sale (POS) terminal....


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Quotes

Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up.

Satoshi Nakamoto, Bitcoin Developer