Onebit Hints At Upcoming Early Access Client For Android
The concept of spending Bitcoin anywhere other types of payments are accepted is quite an interesting one, although it may be harder to accomplish than originally anticipated. Plutus is a company looking to bring Bitcoin payments wherever NFC payments are possible, and it seems like Onebit is seeking to do the same. Fierce competition in the market for making Bitcoin payments more convenient and accessible is a good thing, as it elevates the popular digital currency to a global level.
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Startup OneBit is developing a Bitcoin wallet app that lets users pay at any store with contactless mobile payments via the MasterCard PayPass payment network. OneBit securely converts bitcoin on the fly at market rate into any major local currency using BitPay, and pays the merchant via their NFC payment terminals. OneBit will permit users to pay at any MasterCard PayPass-accepting merchant worldwide, with zero fees. "The magic that happens underneath" is done by BitPay, which converts the OneBit user's bitcoin to the local currency of the merchant, and MasterCard, which actually sends....
OneBit, a bitcoin wallet app that enables its users to pay with bitcoin at any credit card accepting store, has entered the alpha stage of development. OneBit announced that users are testing the application worldwide, and that it will go into closed beta very soon. OneBit began as an NFC payment tool for MasterCard’s PayPass, which would have been used to pay with bitcoin at any MasterCard accepting stores. The application was developed at a Mastercard Hackathon by entrepreneur and OneBit CEO Toby Hoenisch, who received positive feedback from the credit card processor. Hoenisch said: “I....
OneBit is an app for smartphones which promises to revolutionize the Bitcoin market in the near future. As previously reported here, the app will allow its users to use their Bitcoin anywhere that Mastercard PayPass is accepted. PayPass is the NFC (near-field communication) version of Mastercard, which doesn't require the user to swipe the card. There are security risks associated with NFC and this is discussed, among other things, in the following interview. CCN writer P. H. Madore caught up with OneBit CEO Toby Hoenisch not long ago and discussed the future of Bitcoin, the effects of....
When it comes to Bitcoin wallets, there are so many different options to choose from. That being said, having so many different wallet applications does not necessarily make it easier to spend Bitcoin in the real world, which remains a big problem to this very date. OneBit is looking to change that, as this is a Bitcoin wallet that lets users pay anywhere in the world as long as the retailers accept MasterCard PayPass payments. OneBit: More Convenient Bitcoin Spending. While the OneBit mobile application is very easy and convenient to use, there are certain limitations you need to be aware....
Readers may recall our interview with Toby Hoenisch, the CEO of OneBit, which uses near-field communication technology to utilize the MasterCard payment network with a cell phone application. A user with OneBit can pay anywhere the MasterCard swipe system is in use, using Bitcoin. For many, an application like this will change the conversation regarding Bitcoin. It will no longer be about whether or not a certain store accepts bitcoins because the app executes the payment in the local currency. The new alpha version of the application is currently being tested in the various districts that....