Why the iWatch Could Be Key to Secure Bitcoin Payments
Although progress continues to be made in the area of mobile Bitcoin wallets that are both convenient and secure, the reality is that we're still missing that perfect solution for safely using Bitcoin with our mobile phones. Hardware wallets and multi-sig addresses have been moves in the right direction, but it turns out that the iWatch could be the missing ingredient that wallet developers have needed this entire time. The main problem with secure Bitcoin payments on the go has been the fact that people usually only have one device with them when they're away from their home computers.....
Related News
Credit cards with EMV Chips are not as secure as it was initially thought to be. Bitcoin continues to be a more secure payments option. The ongoing competition between fiat based electronic payments and digital currency payments doesn’t have a winner yet. The credit and debit card based electronic payments systems score over Bitcoin payments when it comes to number of users and the rate at which transactions are processed. However, Bitcoin continues to lead the way in the security department. Credit Card frauds have hit an all-time high across the world. In last year alone, total damages....
A new survey shows that US consumers believe payments made with bitcoin are safer than those conducted using mobile wallets or apps. The report, published by Chicago-based Walker Sands Communications, focuses on changes in retail payments behavior, particularly as it pertains to digital transaction methods. Ultimately, it found that 3% of respondents said that they consider bitcoin to be the most secure form of payments, compared to 1% for mobile phone or wallets. The study was conducted using a sample group of 1,400 consumers. The report said: "Consumers consider mobile wallets and apps....
Celo offers a blockchain payments platform using customers' cellphone numbers to secure their public keys.
Payments giant Visa has revealed it is seeking to hire a software engineer to help it create a "secure, scalable blockchain network". The news was revealed in a job advertisement by Visa Research – a research arm created by the company to expand its technology research capabilities. Visa Research's remit is to engage with the company's technology and product teams, and business and other partners, to investigate and develop technologies that are "critical to the payments industry in the future", the firm says. As part of its efforts to build three research sections....
Canada's largest bank is seeking a patent for a secure means of processing payments that could connect with a public blockchain. On 19th January, the US Patent and Trademark Office published an application from the Royal Bank of Canada (RBC) for "secure processing of electronic payments". The application, submitted in July 2016, details the use of trusted devices to administer, process and store payment transactions, in an environment utilizing digital wallets and merchant-based points-of-sale (POSs). As envisioned, some of these applications could be used to connect to an....