Cryptocards : A Whole New Customer Segment for e-Payments Industry
Cryptocards have opened up a new set of customers for the electronic payments sector as it offers them a way to spend their cryptocurrency at any place that accepts card payments. The electronic payments sector is a huge industry that is growing at a rapid pace. The growth of population increased spending power combined with multiple payment options has been the greatest contributing factor for its growth over the years. The advent of cryptocurrencies opened up a whole new section of electronic payments waiting to be capitalized upon by the credit/debit card issuers, payment processors and....
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If you don’t know what Cryptocard is, they are a company that develops high quality offline wallets. They make also public wallet that allow you to receive payments,and ones that allow you to just store funds, commonly known as “cold storage”. Note these are not to be confused with Bitcoin credit cards such as a service like OKpay which allows you to basically do all transactions with Bitcoin. Supported currencies right now are listed below, with new currencies being adopted. Levi, the Mangaing Director over at Cryptocards was gracious enough to take the time out of his day to answer a....
Intuit now supports Bitcoin invoicing and payments in Bitcoin with its latest free of charge solution - PayByCoin. Intuit was once a startup that set out to revolutionise the way financial accounting and personal accounting happens. It is now a company that has revolutionised invoicing, accounting and money management, as much as SalesForce revolutionised sales & customer relationship management. Intuit's online cloud accounting solution that goes by the name QuickBooks Online now supports Bitcoin. For a company that serves the fiat currency market segment, extending the innovation to the....
The payment processing start-up, Pinn has topped the retail segment of the recently concluded Plug and Play accelerator cohort demo day. Founded by Will Summerlin and Nick Auriana with Kyle Crews as a lead engineer, the company enables bitcoin and fiat payments for merchants. Pinn's unique point of sale system doesn't require smartphone or wallet for making payments. According to the company's description, Pinn is a retail payment and authentication system built around the Internet of things. It uses a proprietary proximity technology to enable a single point of action payment process. In....
Internet of Things is the next in-thing. All electronic device manufacturing companies are eyeing the segment. Intel, Samsung, Google... you name it and they are gradually making inroads into the segment. Intel especially already has a lot riding on it. The semiconductor company is working hard to be the first on to get there. Intel's sense of urgency to dominate the Internet of Things segment was evident in its recent keynote during annual Intel Developer Forum earlier this week when they displayed proof of concept robots that can be controlled with hand gestures. Some of the other....
Banks know Blockchain is a threat to the linchpin of their economics: the customer relationship, and the $1.7 trillion they made in 2014 from global payments revenue which is a massive 40% of their annual profits. Historically the banking industry has provided three main services: financing, investment and transactions. And now they seem to dismiss Bitcoin publicly and highlight the distributed ledger or Blockchain. Do we really need a middleman? The customer relationship is the glue that binds the banking institutions together and keeps this type of profit rolling in. Although after....