Topic: [2015-05-29] CD: Pinn Wins Top Prize for Hand-Free Bitcoin Payments App (Read 451 times)

medUSA

legendary

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Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

I am intrigued by this "point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet". The article did not give details about this no smartphone payment system. In fact, I believe it was misquoted. What the article should have said "without the customer taking out a smartphone or wallet".

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Summerlin (CEO) said. "It's impossible to spoof the way we're doing it, but we have to ensure that it is the actual customer that has this phone in their pocket."

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Customers who have the app pay for items by entering a four-digit code on one of Pinn's merchant Android POS tablets.

I was thinking like "this must be the killer"! A bitcoin payment system without the need for a phone/app/wallet! Turns out to be another wishful thinking Cheesy

bryant.coleman

legendary

Activity: 3808

Merit: 1219

http://www.coindesk.com/pinn-hands-free-bitcoin-payments-app/

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Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet. The accelerator featured a number of bitcoin and blockchain startups in its FinTech portion, however, Pinn provided evidence of bitcoin's expanding appeal to other markets.

He is just 18 years old. Who knows? Mark my words, he might be the next Sergey Brin or Mark Zuckerberg.

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