University of Zurich Testing NFC Bitcoin Payment Solution
The Massachusetts Institute of Technology (MIT) isn't the only higher education institution to be playing around with bitcoin. The University of Zurich in Switzerland is testing out a new NFC-based bitcoin payment solution in one of the school's cafeterias for about two weeks (spearheaded by a group of nine individuals - students and faculty). NFC, of course, is near-field communication, and will allow payments to be made by placing one's mobile device near a receiving point to complete a transaction. This can be done offline, too. And it's all coming together with a mobile wallet app....
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Switzerland's University of Zurich is integrating a student-made bitcoin payments solution into one of its cafeterias as part of a two-week trial. Called CoinBlesk, the mobile payments platform uses two-way near-field communication (NFC) technology and was developed as part of a student project to create an open-source bitcoin spending tool. Students will be able to load their CoinBlesk wallets online or at a new bitcoin ATM that will be installed at the university. Speaking to CoinDesk, Professor Dr Burkhard Stiller, who served as the project's advisor, described how the two offerings....
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