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Topic: [2016-07-07] news.bitcoin.com-Bitcoin Startup Among First Finalists in New ... (Read 241 times)

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Bitcoin Startup Among First Finalists in New PayPal Incubator

ONEPAY, which operates as OneBit, will join the nine-month program along with two other fintech startups: Prosecure and Invoiceinterchange.

IncubatorThe startups will receive mentoring from PayPal executives as well as “networking opportunities,” Channel News Asia reports.

OneBit uses an app to facilitate payments to the 9 million plus merchants worldwide who use MasterCard PayPass near-field communication (NFC) technology using Bitcoin. The merchants themselves receive the equivalent amount in fiat currency at point of sale, and are not required to handle or even officially accept Bitcoin.

READ MORE >>> https://news.bitcoin.com/bitcoin-finalists-paypal-incubator/
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