This New Tech Turns a Bitcoin and Ethereum Wallet into a Contactless Card
Plutus, a new start-up based in London, allows any merchant with contactless card terminals to accept bitcoin and ethereum payments regardless of whether the merchant has in fact adopted bitcoin or ethereum. Utilizing the new NFC technology, Plutus aims to make physical Bitcoin and Ethereum payments as easy as tap and go, with merchants not being aware the payment was a digital currency based transaction, ensuring almost universal acceptance of Bitcoin and Ethereum. The Plutus app, showcased in a video, converts Ethereum or Bitcoin on the fly, with the actual payment made in fiat.....
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Near Field Communications (NFC) is a modern technology that allows communication between two electronic devices without an internet connection. There are many reasons why NFC is beneficial to consumers but as with many modern technologies; it doesn’t come without its risks. Platforms such as Apple Pay and Google Wallet both use NFC and the added convenience is by far the most popular advantage, as NFC makes it quick and easy for people to make purchases from their contactless cards or their mobile phone. The benefits. Let’s take a look at how NFC technology is used and how it is....
The payment world has evolved from cash transactions into a cashless ecosystem, as customers want to check out and pay for their goods with as little friction as possible. Contactless payments are on the rise in various countries, and in the United Kingdom, the average contactless payment transaction limit has been increased by 50%. Regardless of this change, additional infrastructure is required for merchants who want to make use of this system. In the United Kingdom, card payment terminals are a very common sight, as less consumers use cash payments year over year. From a convenience....
The future is now. CoinCorner’s the Bolt Card is a contactless and convenient debit card that lacks a screen. The product points to the next stage in bitcoin evolution, the creation of circular economies powered by the Lightning Network. Is this card the idea that will bridge the gap between bitcoin and the general public? […]
London-based FinTech company SETL, Metro Bank, and global accounting firm Deloitte, have teamed up to develop a contactless card to enable faster transactions and settlement times for retail payments on the blockchain, in a recent announcement. In an initial test more than 100 people used the contactless smartcards to make purchases from shops that had the contactless terminals equipped. The test was part of the Financial Conduct Authority’s (FCA) FinTech sandbox that recently unveiled the 24 names of the companies taking part. The advantage of the technology means that it sidesteps any....
A new Bitcoin application is coming to the crypto-scene, and this concept is getting people pretty excited. We all want a world where we can spend our bitcoins, but there isn’t enough merchant acceptance. A new service called Plutus wants to change this problem by offering a digital currency platform that uses contactless technology through their wallet. The Plutus team says the service is easy saying: The product is in alpha phase, and people can sign up now to join the testing team. The service is expected to launch in Q1 of 2016 says a Plutus associate. The system works as follows:....