Kvě 24

Blockchain-based Remittance App AirPocket Comes To Latin America

Source: bitcoin


Blockchain technology has a lot of potential to disrupt the financial sector, and DigitalX is one of the companies wielding the blockchain for remittance purpose. Now that the company has inked a deal with Telefonica in Latin America, AirPocket will be coming to that region very soon.

Also read: Lisk Expands Team Heading Into May 24 Launch

People active in the world of cryptocurrency and blockchain will have heard of DigitalX before, as the company wields distributed ledger technology for financial purposes. Through its AirPocket mobile app, anyone in the world can become a remittance provider, which established a peer-to-peer network of money transfer agents.

Bringing AirPocket to the masses has been a challenge for DigitalX, though, but the company recently partnered with Telefonica in Latin America. Telefonica is the leading Latin American telco, and this new partnership will ensure the DigitalX mobile app will make its way across the entire continent over the next few months.

Blockchain Remittance Through AirPocket and DigitalX

According to DigitalX founder and executive chairman Zhenya Tsvetnenko, the deal with Telefonica is the first of many global partnership announcements. Keeping in mind how DigitalX takes an 11% commission for every AirPocket transaction, bringing this solution to the rest of the world is of the utmost importance.

AirPocket is often touted as being the “Uber of remittance”, as it leverages the sharing economy principle. Additionally, by using a blockchain to complete these transactions, DigitalX has a working example of how this technology can disrupt the financial sector on a large scale while making the process more convenient for its users.

Zhenya Tsvetnenko continued by stating:

“The Telefónica partnership is transformational for our company, and I am not only talking from a revenue opportunity perspective. The fact is, this deal puts our emerging technology company on the global stage and cements our position as a first mover in providing a blockchain application of commercial scale.”

This is a significant partnership between DigitalX and Telefonica, which goes to show AirPocket and its underlying blockchain technology hold a lot of merit for the future. Transferring cash and digital funds between users in a secure and timely fashion is something a lot of consumers have been looking for, and the solution will be coming to Latin America soon.

What are your thoughts on this partnership? Will AirPocket help put blockchain technology on the map in the financial sector? Let us know in the comments below!

Source: The Australian

Images courtesy of Shutterstock, AirPocket

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Blockchain-based Remittance App AirPocket Comes To Latin America

Dub 06

Circle CEO: “Blockchain Will Sooner Disrupt The Mobile Payments Industry”

Source: bitcoin


An exciting partnership between Barclays and Bitcoin exchange Circle could lead to a slew of new features and innovations in the digital payment industry. Moreover, this is very positive news for Bitcoin as well, as the European bank is letting Circle use their existing infrastructure to provide real-time conversion from GBP and EUR to Bitcoin, and vice versa.

Also read: How to Implement the Blockchain in Financial Institutions

Circle – A New Era Of Bitcoin and Banking?

Up until this point, very few banks have been keen on the concept of Bitcoin, although they all seem to see high value in the underpinning blockchain technology. In fact, consumers have had their bank accounts shut down in the past due to a link with Bitcoin, which was of particular concern to enthusiast sin the United Kingdom.

But all of that is about to change, by the look of things, as the new partnership between Circle and Barclays can be seen as a milestone for the digital currency. Circle users are now able to send and receive GBP transfers to other users on the platform, as well as convert between USD and GBP without any additional fees.

It is well worth noting the UK Treasury was one of the biggest advocates for this solution, as it is a “significant milestone” to have Circle available to customers in the United Kingdom. Quite a strange statement from an institution that could see Bitcoin as a potential threat, but it is more than welcome news for sure.

But there is more, as Circle CEO Jeremy Allaire hinted at a future expansion of supported fiat currencies. In fact, he mentioned how support for EUR transfers will be coming later this year, and how plans are set in motion to bring Circle to Asian markets as well.  If this were to happen, exciting things are bound for Bitcoin and digital currency enthusiasts.

Jeremy Allaire continued by saying that:

“The blockchain will sooner disrupt the mobile payments industry, which really is a “blank slate” for innovators. Payments are the next thing to be commoditised as a free service”

Barclays is one of the many banks working on bringing common standards for blockchain technology to the table. Once such a protocol is put in place, it should become a lot easier to bridge the gap between Bitcoin and traditional finance. Moreover, all of the participants would be able to benefit from the advantages of blockchain technology.

Are you excited about this partnership between Barclays and Circle? What will this mean for Bitcoin in the UK? Let us know in the comments below!

Source: FT

Images courtesy of Circle, Barclays

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Circle CEO: “Blockchain Will Sooner Disrupt The Mobile Payments Industry”

Bře 18

WISeKey Kaspersky Lab Security App Is A Must-have For Mobile Bitcoin Users

Source: bitcoin

Bitcoinist_Mobile Security

With more and more consumers all over the world switching to mobile payment solutions, protecting these portable devices becomes of the utmost importance. Kaspersky Lab and WISeKey have joined forces to launch a new mobile security tool, which will act as an encrypted vault to protect devices from most harm. This powerful WISeKey Kaspersky Lab Security solution should be of significant interest to Bitcoin users as well.

Also read: Blockchain Conferences In San Francisco Highlight New Direction For Technology

WISeKey Kaspersky Lab Security App For Mobile

Mobile financial solutions are slowly becoming the norm all over the globe, yet most consumers fail to take the necessary security precautions to keep all of their information safe. The same principle applies to a large portion of the Bitcoin community, as mobile wallet solutions are becoming more widely available thanks to all of the different companies creating these applications.

WISeKey Kaspersky Lab Security is a valuable – and even must-have – addition for any consumer making payments through a mobile device. The main purpose of this application is to provide optimal mobile security at all times, by combining the best technologies offered by Kaspersky Lab and WISeKey.

By locking personal data – including account usernames and passwords, as well as PIN codes and credit card details – into a secure personal data organizer, WISeKey Kaspersky Lab Security is packing quite the punch. Protecting the user’s data is of the utmost importance while still allowing for accountable identities which can be used to perform online activities, such as accessing services or making payments.

WISeKey CEO Carlos Moreira stated:

“Mobile security threats are on the rise as hackers look for new and better ways to hijack devices, for example for Bitcoin mining, cyber-espionage and to trick users into revealing their personal identity and bank account information. Today’s mobile operating systems offer significant security features, but the temptation presented by the sheer number of mobile phones in use means that criminals, both virtual and real, are not easily put off. The inventiveness that hackers apply to trick users into installing their predatory apps is a tribute to the dark side of human ingenuity.”

Given the increase in mobile threats as of late, it only makes sense for security companies to join forces in an attempt to guarantee user data protection. Especially the new Stagefright exploit on Android can become a major threat to users all over the world as hackers have the option to remotely hijack a device without the owner even realizing what is happening.

The WISeKey Kaspersky Lab Security app is now available in all the main App Stores, including Windows, Mac OS X, iPhone, iPad, Kindle, and Android. The application is entirely free of charge, and will be an excellent addition to mobile banking and Bitcoin users alike, as securing financial data is of the utmost importance.

What are your thoughts on WISeKey Kaspersky Lab Security? Will you be downloading the application? Let us know in the comments below!

Source: BusinessWire

Images courtesy of Shutterstock, Kaspersky

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WISeKey Kaspersky Lab Security App Is A Must-have For Mobile Bitcoin Users

Úno 17

OKCoin Adds New Security Features To Mobile Bitcoin App

Source: bitcoin

Bitcoinist_Mobile App

OKCoin is one of the leading Bitcoin exchanges in the world, and they have recently updated their mobile application with additional security and other features. More and more traders are looking to access their preferred Bitcoin platforms from the comfort of mobile devices, and companies have to cater to those needs. The recent features added to OKCoin make their application one of the more versatile mobile offerings available today.

Also read: Virtual Currency Issued By PBOC Will Not Use Blockchain Technology

OKCoin Mobile App Gets Major Update

There is nothing more annoying than accessing an online Bitcoin trading platform through a web browser. While several of these platforms offer mobile-friendly versions of their website, the overall experience can feel clunky and annoying rather quickly. Navigating through charts and accessing account menus through a browser on mobile is not a fun experience in most cases.

Mobile applications seem to hold the answer to these problems, and OKCoin is one of the first companies to offer a feature-rich app. The first hurdle to overcome for new platform users is signing up for an account. Luckily, the OKCoin mobile application makes this process rather straightforward, and users can even complete Level 1 verification from within the app itself. Doing so will give them instant access to Bitcoin trading features.

Up until now, withdrawals could not be made from within the mobile OKCoin application. This may seem rather strange for a platform priding itself on their trading features, but it was one of the things that had to be improved in the future. With the updated mobile app, OKCoin users can now withdraw funds in both Bitcoin and Litecoin by accessing the “Withdrawals” menu.

Most mobile applications lack proper security, and the OKCoin developers have addressed those concerns as well. After all, users are storing their trading portfolio wealth on a device that is not always in their eyesight, and proper precautions need to be taken to avoid unauthorized use of the application.

Among the new security features is Touch-ID, which lets users authenticate access through gesture rather than using a password. While gestures may not be a perfect solution either, it is a notable step forwards from letting users stick to [weak] passwords. On the other hand, users who prefer to stick with passwords will have the option to reset it through the mobile app as well, by entering a code sent to them via SMS.

Other Bitcoin Platform’s Apps To Follow?

OKCoin is one of the first major Bitcoin companies to take steps in the right direction for tackling the mobile ecosystem. For some reason, most exchange platforms have no mobile application available, even though global numbers of users owning a mobile device is growing every year.

If and when more mobile apps become available to Bitcoin users, we can only hope to see the same – or an even higher – level of focus on account security. Mobile apps are very convenient, but security is often rather lackluster. In the end, this is real money people are dealing with, on devices that are regularly used by other people.

What are your thoughts on the OKCoin update? Will you be using any of their new features in the future? Let us know in the comments below!

Source: OKcoin

Images courtesy of OKCoin, Shutterstock

The post OKCoin Adds New Security Features To Mobile Bitcoin App appeared first on Bitcoinist.net.

OKCoin Adds New Security Features To Mobile Bitcoin App

Úno 10

Australian Banks Indirectly Help Bitcoin By Boycotting Apple Pay

Source: bitcoin

Bitcoinist_Mobile Payment

The mobile payment sector is heating up, as every company and financial institution are scrambling to launch their platform in the near future. Over in Australia, it will not be smooth sailing for Apple Pay by any means, as the country’s major banks continue to boycott the popular mobile payment solution. NAB was among the first to launch their own mobile app, and now ANZ Mobile Pay is here as well. Bitcoin, on the other hand, is creating a far less fractured payment ecosystem around the world.

Also read: Diamond Market Meets Bitcoin Through Bitcoin.de

Apple Pay Battle in Australia Becomes A Lot Harder

Even when consumers might be preferring to use Apple Pay for their mobile purchases, they will be unable to do so unless their bank participates in the project. In Australia, the likelihood of being able to pay with Apple Pay is becoming is becoming much smaller on a monthly basis, as the country’s major banks keep boycotting this solution.

Similar to the struggles Apple is facing in Canada; bank participating remains a key issue in Australia. There is a lot of friction between all parties, only because the technology giant is looking to take a slice of interchange revenues in these countries. Needless to say, in this day and age of financial turmoil, banks are even less keen on sharing their revenue with other players.

Now that ANZ, one of Australia’s four major banks, has released their mobile payment application for Android users, things are looking even more bleak for Apple Pay. Making payments through ANZ Mobile Pay requires the user to tap their card against the phone, enter the date of birth and mobile number, and then choose their preferred payment option.

This process will have to be repeated for every individual card ANZ customers want to link to the mobile solution. However, with the wide variety of credit and debit cards that are supported, some customization is possible. Furthermore, ANZ Mobile Pay users can withdraw money using their phone at several ATMs supporting contactless withdrawals.

Although it is a positive sign to see major banks focusing some of their attention on the mobile ecosystem, this plethora of different apps is creating a fractured world of payment solutions. In the end, the consumer will not benefit from all of these solutions, as they prefer a streamlined system without too much hassle.

Bitcoin is Streamlined And Globally Available

Unlike these mobile payment solutions requiring bank participation, the Bitcoin ecosystem is very much streamlined. In fact, it would be difficult not to streamline it, as there is no unnecessary mingling by third parties, banks, or governments. This is one of Bitcoin’s major strengths, as it carries on unencumbered by these woes.

Getting one’s hands on Bitcoin has become easier over time as well. Most countries have one or more Bitcoin exchange, there are Bitcoin ATMs, and even peer-to-peer trades are a possibility. Plus, with the limited amount of coins in circulation, there is a chance for a value increase down the line.

What are your thoughts on banks releasing their own mobile payment solution? Let us know in the comments below!

Source: ANZ

Images courtesy of Shutterstock, ANZ

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Australian Banks Indirectly Help Bitcoin By Boycotting Apple Pay

Úno 04

Viber And Western Union Create Mobile Remittance Solution Despite Cheaper Bitcoin Option

Source: bitcoin


Mobile payment solutions are the new hype right now, as consumers from all over the world are looking for more convenient ways to pay for goods and services. No one would have expected Viber to become a major player in the financial world anytime soon, but their recent partnership with Western Union shakes things up quite a bit. While Bitcoin remains a cheaper remittance solution, this partnership has a lot of potential.

Also read: Rudimental Media to launch Ethereum Based Equity Crowdfunding Site

Mobile Remittance With Viber

In this day and age, there are so many different social messaging applications that it becomes hard to keep track of them all. Viber is one of the more established solutions in this segment, as they serve over 664 million unique users around the world. By offering free VoIP phone calls from a mobile device, as well as a messaging service, Viber has quickly become one of the top social apps available today.

Such a rate of success does not go by unnoticed, and Viber has caught the attention of Western Union. People will know this company from their remittance solutions to send cash around the world in a matter of minutes. When mobile messaging and global payment meet, something interesting is created on the spot.

This partnership between both companies will let Viber users send money to anyone in the world, without even having to visit a Western Union office. That being said, this feature will only be available to US users, and there will be a pickup limit of US$499 per transaction. At the same time, users will be able to collect funds from any Western Union location in the over 200 supported countries.

There is no denying mobile payments are becoming more popular, and Viber has a large user base to target. Western Union makes remittance solutions straightforward, and their partnership creates a user experience for hundreds of millions of users around the globe.Sending money from the comfort of one’s mobile device is an excellent use case for remittance providers.

Keeping in mind how people use social messaging applications such as Viber to stay in touch with friends and family, it only makes sense to leverage the power of instant money transfers through such a platform. The Western Union is the first step along the way for Viber venturing into the world of mobile payment solutions.

Bitcoin Remains Cheaper But Lacks Adoption

On paper, it would make more sense for companies such as Viber to integrate Bitcoin into a remittance tool. The popular digital currency is cheaper and offers a global appeal as well. Plus, services such as Bitpesa are already working with Bitcoin in the remittance sector, to a moderate level of success so far.

At the same time, Bitcoin lacks adoption in both developed and emerging markets. Western Union is the market leader in the remittance sector, and it will take a lot of time until Bitcoin can become a contender. That being said, the modern digital currency offers cheap and instant transfers around the world, regardless of which device is being used.

What are your thoughts on the partnership between Western Union and Viber? Let us know in the comments below!

Source: Finextra

Images courtesy of Viber, Western Union, Shutterstock

The post Viber And Western Union Create Mobile Remittance Solution Despite Cheaper Bitcoin Option appeared first on Bitcoinist.net.

Viber And Western Union Create Mobile Remittance Solution Despite Cheaper Bitcoin Option

Led 27

China’s Growing Number of Internet-Connected Users Is Positive For Bitcoin

Source: bitcoin

Bitcoinist_China Growth

An interesting statistic was released earlier today, detailing how slightly over half of the Chinese population is now officially connected to the Internet. Despite being the world’s largest nation, Internet penetration has been a major issue in China for quite some time now. Especially mobile Internet is playing a big role in this number increase, which creates an interesting opportunity for adoption of new payment methods in the country.

Also read: Over Half of Mobile Payment Companies Have No Control Over Financial Data

Internet Connectivity In China Is on The Rise

For a country that is well known for its technological prowess, the status of not having half of its population connected to the Internet was not acceptable for China. Efforts have been underway for several years now to bring Internet connectivity to the Chinese population, and the numbers are confirming this spectacular growth.

Back in 2005, little over 100 million Chinese citizens were connected to the Internet. While that number is nothing short of impressive, only eleven percent of the people in China could access the world wide web through a computer or mobile device. Far from a stellar number for a country that is responsible for nearly every piece of technology we use today.

Ever since that time, the numbers have been increasing steadily, most notably in the mobile department. Whereas just one in four Chinese Internet users did so through a mobile connection in 2007, 90 percent of connected users is using mobile Internet these days. Out of the 688 million Internet users, 620 million are using mobile connectivity.

It is important to keep in mind these numbers will represent users who use both a computer and mobile Internet connection at the same time. This means the total number of Internet users in China could be slightly lower than 680 million right now, although it will not be by much. However, there is still a lot of work to be done for getting the remaining 50% of the country’s population online.

Another interesting statistic to keep in mind is how close to 73 percent of the Chinese population is aged between 15 to 64. That particular demographic is comprised of people who are most likely to connect to the world wide web these days. If the largest part of this demographic can get online in the next few years, China will surpass the threshold of one billion netizens.

Positive Signs For Bitcoin And Mobile Payments

It goes without saying that higher rates of Internet penetration in China is good news, particularly for players active in the mobile payment industry. With the number of Internet connections through mobile devices growing exponentially in China, the country is in a prime position to become a hub for mobile payment solutions.

Keeping in mind how Bitcoin is seeing most of its trading volume originate from China, the popular digital currency can benefit from this Internet boom as well. With wallet solutions available to both computer and mobile users, Bitcoin is well-positioned to become one of the leading payment trends in China over the next few years.

What are your thoughts on this Internet growth in China? Will Bitcoin adoption benefit from this situation? Let us know in the comments below!

Source: Tech In Asia

Images courtesy of Shutterstock, China Internet Watch

The post China’s Growing Number of Internet-Connected Users Is Positive For Bitcoin appeared first on Bitcoinist.net.

China’s Growing Number of Internet-Connected Users Is Positive For Bitcoin

Led 27

Over Half of Mobile Payment Companies Have No Control Over Financial Data

Source: bitcoin

Bitcoinist_Mobile Payment

Even though plenty of consumers are looking forward to using new and innovative mobile payment solutions, there are still a lot of security issues that need to be addressed. A recent study conducted by Ponemon Institute shows how mobile transactions lack proper security measures to keep payment data safe. As a result, there is a huge lack of confidence by both consumers and businesses. Bitcoin, on the other hand, has no issues securing mobile payments and is available for consumers all over the world.

Also read: Belgian Government Aims To Prevent Bitcoin Money Laundering

Data Breaches Affect Mobile Payment Sector

Based on the information provided by the global study by Ponemon Institute, close to half of the people surveyed admitted their company suffered from a breach. As one would come to expect, hackers have been attempting to exploit various types of payment information in the hopes of finding the honeypot.

But what makes this report of particular worry is how most of the companies affected by these breaches have been targeted by hackers at least four times in the past two years. This is not a positive trend by any means, especially when considering how mobile payments are gaining more momentum all over the world.

If that wasn’t enough to make some people’s blood boil, over half of the companies surveyed admitted they have no idea where the payment data is stored in the first place. As is the case with any form of payment that relies on traditional finance, information goes through several “hands”, and it is hard to figure out who owns what part of the information at any given time.

With new mobile payment solutions on the horizon, these security issues will need to be addressed sooner or later. Preferably sooner, as consumers are becoming more wary of which companies they put their trust in, especially where financial details are concerned. If companies have no clue where the data ends up, or how it is being used by any of their partners, consumers are more likely to look for alternative solutions.

Mobile payments are an important aspect of everyday life for a lot of consumers. However, if their payment information would be leaked somehow, the mobile payment trend will start to drop off again, until proper security measures are put in place. Whether or not these up-and-coming solutions can provide that level of security, remains to be seen, though.

Bitcoin is Far More Secure And Available On Mobile

Unlike all of these new mobile payment solutions, Bitcoin has proven to be a far more secure solution for many years now. As the end user is put in full financial control at all times, and with there not being a link to bank accounts or credit cards, no sensitive information is passed along with every transaction.

Furthermore, Bitcoin is not subject to fraud or chargebacks, making it a preferably solution for businesses all over the world. With Bitcoin’s global appeal, it is the only form of mobile payment that offers security and convenience at the same time. As far as protecting financial data goes, there is no match for Bitcoin in the mobile world to this day.

What are your thoughts on the results of this study by Ponemon Institute/ What can companies to do secure mobile payments? Let us know in the comments below!

Source: Finextra

Images courtesy of Ponemon Institute, Shutterstock

The post Over Half of Mobile Payment Companies Have No Control Over Financial Data appeared first on Bitcoinist.net.

Over Half of Mobile Payment Companies Have No Control Over Financial Data

Led 21

New California Bill Aims To Weaken Smartphone Encryption

Source: bitcoin


Smartphone encryption has been a topic of heavy debate over the past few months, and the opinions are divided to say the least. Both users and manufacturers want to preserve encryption or even add additional layers to protect user data. But on the other hand, various government officials are proposing bills to have encryption on smartphones weakened by default.

Also read: Satoshi Labs Upgrades The Trezor Interface

Weakening Smartphone Encryption To Fight Human Trafficking

A little while ago, one US state lawmaker proposed a new bill to weaken smartphone encryption by default, to avoid its use cases for terrorism and other illegal use cases. At that time, the reason for this bill was how weakened smartphone encryption would help government officials fight terrorism, such as during the recent Paris attacks.

It looks like that person is not the only government official pushing for less strong encryption measures on mobile devices. California Assemblymember Jim Cooper proposed a very similar bill, but rather than proposing this concept to fight terrorism, he wants to bring an end to human trafficking on a global scale.

In the end, both bills are looking to achieve the same goal: weaken smartphone encryption on a large scale to decrypt and unlock stored information by the manufacturer or operating system provider. Needless to say, if either of these bills would come to pass, user data would no longer be safe from prying eyes, and give government officials even more insights as to how consumers use their devices.

While it is certainly true government officials and law enforcement can obtain a warrant for bank accounts, house, or just about anything, mobile devices are not on that list. By proposing a weaker smartphone encryption bill, Cooper hopes to bring an end to criminals relying on mobile devices to conduct their business and communication.

At the same time, there are some issues with both proposals. Not only is weaker encryption not the best way to solve human trafficking, but it will also harm the overall security of the Internet. Including backdoors is fundamentally insecure and it would create vulnerabilities that could be exploited by hackers and other criminals.

Furthermore, there is the question whether or not these ideas are even technically feasible. Distinguishing between legal and illegal decryption of information stored on mobile devices is all but impossible. Security of the population is of the utmost importance, but it should not be at the cost of freedom by any means.

Lack of Technology Understanding Leads To Strange Proposals

Both of these bills go to show how little government officials understand about encryption and the technology keeping customer data safe. Trying to unravel technology people do not understand lead to proposals that will do more harm than good in the long run. Weakening encryption is never the answer to solving a crime, especially not where mobile devices are concerned.

In fact, the number of cases investigated for illegal activity due to smartphone encryption is nearly non-existent. This begs the question as to what policymakers hope to achieve by pushing these bills through, as the premise of fighting crime does not seem to hold up. It remains unclear as to what type of information government officials hope to gather from weakening encryption, but it does not look like they have the consumer’s best interests at heart.

What are your thoughts on weakening smartphone encryption? What are governments trying to achieve? Let us know in the comments below!

Source: Ars Technica

Images courtesy of Shutterstock, Computerworld

The post New California Bill Aims To Weaken Smartphone Encryption appeared first on Bitcoinist.net.

New California Bill Aims To Weaken Smartphone Encryption

Led 12

ChangeTip Adds Proximity Payments to Mobile App

Source: bitcoin

Proximity Payments

When it comes down to bitcoin tipping, charities and micropayments, ChangeTip is the industry leader. Recently, they announced the addition of a new feature known as proximity payments to their mobile app.

Also read: Use Bitcoin to Play the $1.3 Billion PowerBall Lottery

Will the ChangeTip proximity payments feature do any good?

For those who do not know, the ChangeTip mobile app allows anyone in possession of a Twitter of Facebook account to send and receive money from others internationally without any fees whatsoever. Based on this, ChangeTip enables users to carry out P2P payments in the form of tips, donations and gifts, both in USD and bitcoin. Users are free to add money to a ChangeTip wallet, where they are stored for future use. Usually, ChangeTip handles micropayments of a few pennies, but also donation/tips as high as $100 in either BTC or USD. Organizations can also use the app to collect donations, monetize content and distribute various rewards.

With the implementation of the proximity feature, users will now be able to broadcast their location via GPS, and see other users nearby. With this in mind, money can now be sent instantly by selecting individuals discovered nearby. The main use of this addition is that now, users can tip servers, drivers and vendors more easily, without having to ask for their credentials. This feature will undoubtedly increase adoption of the app, which in turn, will encourage more people to send money, and tip via the platform, in bitcoin, thus leading to broader bitcoin adoption.

According to Victoria van Eyk of ChangeTip, “We’re living in an increasingly cashless society, and it’s the most obvious when I go to tip a busker, leave some change in a tip jar, or attempt to donate a person in need. The ChangeTip app allows me to solve this problem just by using my mobile phone.”

At this moment in time, the newest version of the app, with the proximity feature added in, is available exclusively on the App Store, for free.

What do you think about the ChangeTip app? How often do you find yourself using it? Let us know in the comments below!

Image courtesy of ChangeTip

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ChangeTip Adds Proximity Payments to Mobile App