Bitcoin Payments Go NFC

“There exists a bizarre gap in today’s state of financial services.”

That’s the philosophy of Shake, a new startup in the bitcoin world that is (unsurprisingly) trying to pitch a payment method that doesn’t involve banks, governments or regulators. Instead, its latest product rollout is all about making bitcoin and digital currency payments easier to make.

Which, in this case, means tapping into the power of NFC.

“What could happen if we link bitcoin to the existing financial infrastructure?” the company wrote in a recent blog post. Well, according to the startup, that means enabling more consumers to use bitcoin wallets, where they can pay by using their mobile device to tap — and that starts with contactless-enabled terminals (which the startup claims will work with its Android app).

“All contactless-enabled terminals around the world will now accept your phone as a method of payment,” the company confirms on its blog, which also details its plans to enable

Read more ... source: TheBitcoinNews