Fitcoin: An App that Offers Bitcoin Payments for Working Out
With the rise of wearable technology and fitness trends these days, it's no wonder that app developers are taking advantage of the bandwagon and created an app that can reward you in bitcoin payments for working out. Creators at this Austin-based company claim that this app can pay you based on the intensity of your workouts. Users can simply create an account in their bitcoin repository, download the app, and sync the information to a fitness tracker. This app is available for iOS devices for now and makes use of information from heart rate trackers available with public access. Earning....
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The 2015 South by Southwest Interactive, held March 13-17, offered an exciting glimpse into the future for cryptocurrency users. Products that generated the most buzz focused on security for bitcoin users and the general public. Here are the top five products that caught the attention of the judges, experts and the media. Fitcoin. Fitcoin, an iOS app from Chaotic Moon Studios in Austin, Texas, allows users to receive bitcoin for workouts. Simply pair it with Mio Fuse, Jawbone UP3 or Atlas wearable technology. The app tracks the duration, distance and intensity of a workout in real-time. By....
Austin-based technology firm Chaotic Moon Studios recently launched a next generation fitness application that lets users earn Bitcoin while exercising. The bribe-for-sweat iOS app, titled FitCoin, requires users to sync-in a fitness tracker for recording heart rate and length of the workout session. It then converts the collected statistics to a CPU time on a Bitcoin mining rig; therefore deciding how much Bitcoin a user should earn after a regular exercising session. FitCoin's designer Grant Nicol demonstrated the application's functionality by running three minutes and forty seconds on....
The World Wide Web Consortium (W3C) started review of a draft Web Payments Working Group Charter. The Web Payments Working Group will launch by the end of September after the end of the review on September 15, start working on an overall Web payments architecture, and prepare key topics for discussion at the next Technical Plenary/Advisory Committee meeting (TPAC 2015) in October. The W3C, led by World Wide Web inventor Tim Berners-Lee, is an international body that develops open standards to ensure the long-term growth of the Web. The Web Payments Interest Group acts as the overall....
Bitcoin payment processor BitPay has announced at the Money Conf Belfast that the startup will shift its focus from merchant payment platforms and services to working with large financial institutions and banks. BitPay plans to implement the payment infrastructure that was initially developed to secure BitPay’s accounting system to settle credit card and bank settlements by simplifying and securing the process of transferring money from one account to another using the Bitcoin blockchain. Bitpay CEO Stephen Pair announced that the instantaneous transfer of payments which the Bitcoin....
Last week BitPay launched a support platform for the Bitcoin Payment Protocol, working to make Bitcoin payments easier than ever for merchants and users. The payment protocol eliminates much of the human error in completing a bitcoin payment, while providing a streamlined approach to the transaction process. A user can simply click on the payment link or scan the QR-code and offers two payment choices, either 'pay' or 'don't pay,' which means that there is no need to copy the address and amount into their wallet. BitPay's Payment Protocol Support provides multiple solutions that reduce....