New York Public Transportation Going Contactless Is An Opportunity For Bitcoin
Contactless payments are one of the hottest trends right now when it comes to revamping the financial industry in the near future. However, the payment method is only viable in a limited capacity right now, although more consumers will be able to use contactless payment options in the future. If everything goes according to plan, most of the New York public transportation system will go contactless in two years from now. When using public transportation, cash payments are one of the most annoying issues to deal with. While most countries will have other ticketing options available as well,....
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It is no secret how one unified payment model for all forms of public transportation could be very beneficial to consumers all over the world. In the United Kingdom, that situation might be about to change in the very near future. Smart ticketing is an interesting concept, and Bitcoin would make the purchasing process a lot smoother for everyone. The New UK Smart Ticketing System. Rather than having one ticket for bus rides, and another one for train rides, a unified transportation card valid across all transit journeys would go a long way. However, it is not easy to unite all of these....
The world of finance and technology is constantly evolving, and traditional institutions have to play catch-up in this game to stay relevant. Contactless payments have been touted as one of the most revolutionary financial innovations of the past decade, and many consumers are eager to be part of this experience. An upcoming test by BNP Paribas will experiment with contactless payment displays. Despite the appeal of contactless payments, this level of innovation in the financial sector slowly removes any human interaction from the shopping experience. Rather than chatting with the cashier....
Near Field Communications (NFC) is a modern technology that allows communication between two electronic devices without an internet connection. There are many reasons why NFC is beneficial to consumers but as with many modern technologies; it doesn’t come without its risks. Platforms such as Apple Pay and Google Wallet both use NFC and the added convenience is by far the most popular advantage, as NFC makes it quick and easy for people to make purchases from their contactless cards or their mobile phone. The benefits. Let’s take a look at how NFC technology is used and how it is....
The future is now. CoinCorner’s the Bolt Card is a contactless and convenient debit card that lacks a screen. The product points to the next stage in bitcoin evolution, the creation of circular economies powered by the Lightning Network. Is this card the idea that will bridge the gap between bitcoin and the general public? […]
Pakistan is an emerging market for both financial and technological innovation. The sharing economy is gaining ground in this country, as an Uber-like service for tuk-tuks has launched in Pakistan. Travly is making a name for itself, as Pakistan’s traffic and limited public transport are a thorn in the side of individuals and companies alike. In the Western world, transportation by private car or taxi is slowly becoming the new norm. But these modes of transportation are not feasible in every country, especially not in Pakistan. Despite startups focusing their attention on making....