Long-Distance Wireless Charging Could Boost Mobile and Bitcoin Payments
One of the major drawbacks of FinTech payment solutions – including Bitcoin – is the dependency on mobile device battery levels. In this day and age, a user’s mobile battery won’t last for a day when actively using the device, which renders the whole point of new payment methods somewhat moot. But there is a startup in Ukraine that may have cracked the....
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NFC stands for “near field communication” and it is the technology behind wireless and mobile payments. Whether you’re in a big supermarket in the city or at a remote farmer’s market out in the countryside – nowadays you will be able to pay wirelessly almost anywhere. From paying by card to using smartphone services such as Google Wallet and Apple Pay – when it comes to making a payment we’re as flexible as never before. But as convenient as this technology might be, is it really safe to use? NFC – what it is and how it works. NFC stands for “near field communication” and it is the....
Over the next three years, 50,000 EV charging stations across Europe will start accepting crypto payments. Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe. The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in unattended payment facilities such as EV charging stations. The integration of crypto payments with charging stations will occur over the next three years starting from November 2021. The firms haven’t revealed....
Mobile payments are only as secure as the wallet service is, and Apple Pay is not doing the best of jobs to protect consumer data. While many people see Apple Pay as a form of Fintech innovation, making mobile payments through Apple’s financial solution with stolen credit card information appears to be much easier than originally anticipated. Some people would go as far as saying how this mobile wallet is quite inferior to other financial technologies, including Bitcoin. Apple Pay Fraud Rates. Assailants have not managed to break the Apple Pay wireless payment mechanism security, yet the....
There's now a low-cost wireless carrier here in the United States that's willing to accept your bitcoin, litecoin, and yes, even dogecoin to pay for cellular service. They are RingPlus, and chances are you haven't heard of them before. The Los Angeles-based provider offers wireless plans from $1.99 to $33.00 per month, and says they aren't in the business of selling cellular phones. Rather, they're responsible for the coverage, and the end user can use any Sprint-approved device on their network (which if you haven't guessed, appears to piggyback on Sprint's wireless infrastructure). "We....
A new service hopes to bring mobile bitcoin payments to the masses. The service, called Bits, has already demonstrated bitcoin payments made via text message from one mobile phone to another. Conceived by Cody Burns, who was a front-end software developer at COG1, a San Francisco-based web and mobile app company, Bits enables payments via SMS, QR codes or tapping together phones with near-field communications (NFC) capabilities. The company promises "almost zero fees" for making and receiving payments, and says payments should be processed in under 10 minutes. This isn't the only service....