German Startup Gives Away 3D-Printed Bitcoin Payment Terminals
By combining hacked cellphones and 3D-printed casings, a startup based in Hannover, Germany, has developed a working bitcoin point-of-sale (POS) terminal called PEY. The PEY terminal is being offered for free to local merchants to encourage the use of bitcoin as a means of payment, while bypassing the high fees imposed on German traders by credit and debit card companies. PEY has also created its own wallet app for iOS and Android to work in conjunction with the terminals. The app, which has been downloaded 150 times in the last month, is available worldwide (except China) but as it works....
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A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash. The network, which is operated by the country's National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU. After depositing cash in a terminal, purchasers receive a voucher containing an activation code either on a printed receipt or via an SMS message to their phones. They can then go to BTCU's website to enter the activation code and claim their bitcoin. The machines, known as BNK-24 terminals, also allow users to pay....
Throughout the years, consumers have all heard the stories about how financial information has been stolen when using physical payment terminals. Despite best efforts by card issuers to step up the security game, the payment terminals themselves are inherently insecure. Or to be more precise, the modulated payment protocols powering these terminals are the root of all evil, as there are major security flaws waiting to be exploited. Whenever financial data theft occurs, most people only think about what would happen to the affected consumers. But at the same time, merchants are exposed as....
Entrepreneur, Ricardo Ferrer Rivero has developed a working prototype of a 3D-printed Bitcoin payment terminal called PEY. The PEY terminal uses iBeacon technology, so that users who have the PEY app installed on their phone, will receive a push notification informing them that a local retailer accepts Bitcoin payments. Rivero's inspiration behind creating PEY was to make it even easier for customers to pay with Bitcoin. With a single swipe from their home screen, the PEY app will load and is ready to complete a transaction. The PEY terminal transmits payment information via NFC, or the....
Bitcoin is now available at 874 self-service payment terminals across Romania, thanks to a partnership between ATM operator Bitcoin Romania and terminal network operator ZebraPay. The ZebraPay terminals will allow customers to buy bitcoin at a 4% commission on prices taken from the Cointrader exchange. The terminals are one-way, so customers can only trade their Romanian leu for bitcoin. The terminals do not require customers to hand over identification documents when buying bitcoin. The service has been available for two days but it has already sold 7.2 BTC, underscoring bitcoin's growing....
London-based startup Plutus is developing a mobile app that will allow bitcoin payments at contactless payment terminals all over the world. The technology is powered by the Ethereum platform and is destined to work at all NFC-enabled payment terminals in the world, even if the merchant hasn’t enabled Bitcoin as a mode of payment. Plutus has announced a new application which will enable Bitcoin adopters to — in essence — pay with the cryptocurrency at NFC-enabled merchants all over the world. According to Plutus, the entire process works by the application converting bitcoin to fiat....