OneBit: Use Bitcoin Anywhere MasterCard PayPass is Accepted
Startup OneBit is developing a Bitcoin wallet app that lets users pay at any store with contactless mobile payments via the MasterCard PayPass payment network. OneBit securely converts bitcoin on the fly at market rate into any major local currency using BitPay, and pays the merchant via their NFC payment terminals. OneBit will permit users to pay at any....
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When it comes to Bitcoin wallets, there are so many different options to choose from. That being said, having so many different wallet applications does not necessarily make it easier to spend Bitcoin in the real world, which remains a big problem to this very date. OneBit is looking to change that, as this is a Bitcoin wallet that lets users pay anywhere in the world as long as the retailers accept MasterCard PayPass payments. OneBit: More Convenient Bitcoin Spending. While the OneBit mobile application is very easy and convenient to use, there are certain limitations you need to be aware....
Self-described serial entrepreneur Toby Hoenisch has been making the rounds this morning, promoting his new start-up, OneBit, which proclaims a radically new paradigm for Bitcoin: the ability to spend it anywhere MasterCard's PayPass terminals are located. PayPass is MasterCard's attempt to get everyday consumers to stop using cash, as their website says: You get better record keeping of all your purchases then using cash for those small everyday items. BitPay is the Secret Sauce. However people in the Bitcoin world may feel about PayPass, the underlying technology of OneBit will be its....
OneBit is an app for smartphones which promises to revolutionize the Bitcoin market in the near future. As previously reported here, the app will allow its users to use their Bitcoin anywhere that Mastercard PayPass is accepted. PayPass is the NFC (near-field communication) version of Mastercard, which doesn't require the user to swipe the card. There are security risks associated with NFC and this is discussed, among other things, in the following interview. CCN writer P. H. Madore caught up with OneBit CEO Toby Hoenisch not long ago and discussed the future of Bitcoin, the effects of....
OneBit, a bitcoin wallet app that enables its users to pay with bitcoin at any credit card accepting store, has entered the alpha stage of development. OneBit announced that users are testing the application worldwide, and that it will go into closed beta very soon. OneBit began as an NFC payment tool for MasterCard’s PayPass, which would have been used to pay with bitcoin at any MasterCard accepting stores. The application was developed at a Mastercard Hackathon by entrepreneur and OneBit CEO Toby Hoenisch, who received positive feedback from the credit card processor. Hoenisch said: “I....
PayPal has announced it is mentoring a Bitcoin startup as part of its first startup incubator in Singapore. PayPal Incubator Welcomes Bitcoin Startup. ONEPAY, which operates as OneBit, will join the nine-month program along with two other fintech startups: Prosecure and Invoiceinterchange. The startups will receive mentoring from PayPal executives as....