LOX Network: Better Wireless Device Security
Smartphone theft is at a crisis point. Over 446,000 handheld devices are stolen every year, equating to 1,222 phones per day. Our devices are more expensive to insure than ever and the global mobile phone insurance market is expected to be worth more than $40 billion by 2025. That’s why Lox’s mission is to better control smartphone thefts by creating the world’s first decentralized security network, giving the power back to smartphone owners rather than wireless carriers or other third parties. The Challenges: Siloed Data, Proof-of-ownership, and Data-sharing Wireless device data is locked....
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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 wireless device called a hotspot, or helium miner, uses radio technologies for HNT minting and rewards HNT tokens for providing coverage. Mining helps verify the legitimacy of transactions conducted via a blockchain network such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing unit (CPU) or application-specific integrated circuits (ASICs). Alternatively, they can use smartphones powered by Android and iOS systems to mine the cryptocurrencies of their choice. READ ALSOWhat are the different ways to mine cryptocurrency?by....
The international payments processor PayPal has filed a patent application with the United States Patent and Trademark Office (USPTO) for a payment device that will be able to process cryptocurrencies including Bitcoin, Litecoin, and Dogecoin. Multi-funding source support. All in all, the device will support credit cards, PayPal accounts, and cryptocurrency wallets, with Bitcoin, Litecoin, and Dogecoin already confirmed. The patent application for the physical device was made on May 26th. According to Softpedia: “The device is made up of two main modules, a payment module engine and a....
Helium is hoping a new manufacturing deal with RAK Wireless will help the crypto-powered IoT network expand its reach.
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....