Circle users can now use their phones to pay with bitcoin at participating retailers.
The bitcoin wallet now allows customers using its mobile app on NFC-enabled android phones to spend bitcoins in physical stores, Venturebeat reports. Mobile payments are on the rise, especially tap-to-pay devices, with 500 million people expected to be making transactions via NFC in 2019. A growing number of merchants including Home Depot and Time now accept bitcoins, and may be open to the tap-to-pay option.
BitPay already has a similar set-up, also leveraging NFC-enabled Android phones to spend bitcoins. The company claims that 44,000 merchants use its software to accept bitcoins, but it is unclear how many actually accept bitcoin in brick-and-mortar stores.
Bitcoin prices dropped again at the beginning of 2015, and this weekend’s Bitstamp hack has done little to assure potential users of the safety of the crypto-currency. Its current user base is still fairly slim, but will welcome another way to pay with bitcoin.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
Square has introduced a new update to its contactless and chip readers that reduces transaction speed to 4.2 seconds.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.