A German entrepreneur has taken the reins in strengthening Hanover’s “bitcoin boulevard” by building his own payment terminal for local retailers.
Hanoverian Ricardo Ferrer Rivero has built a prototype, called a PEY, which uses iBeacon technology to connect to an app on shoppers’ iPhones when they enter a store that accepts bitcoin payments. A notification appears on the phone screen, allowing customers to automatically access their bitcoin wallet. They are then able to pay using NFC or a generated QR code, meaning that their payment takes no longer than a debit card transaction and avoiding the need to scroll through apps looking for the right wallet.
The 3D-Printed terminals and accompanying apps are already proving popular in Hanover, where a technically literate population are usually open to cryptocurrency. A dozen businesses, including cafes, shops and hairdressers, have already installed the system, with 38 more set to follow shortly.
Rivero is reportedly thrilled with the uptake and now plans to broaden access by integrating Raspberry Pi technology into the terminal and developing an Android version of the app.
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.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.