NFC Based Bitcoin Cash Wallet, Handcash Launches POP, A Point-of-Sale App
NFC Based Bitcoin Cash Wallet, Handcash Launches POP, A Point-Of-Sale App
Handcash was quick to make headlines in February, when it announced its crypto wallet backed up by Near Field Communication (NFC). As per a previous Bitcoin Exchange Guide post, Handcash, also dubbed as the BCH Wallet, was created in order to facilitate mobile transactions in an instant manner.
Since its launch, the BCH wallet was capable of setting itself apart, which resulted in nChain’s desire to purchase most of Handcash’s stake. According to the Handcash team, plans to launch the Pop app are also in place.
Pop is supposedly the most efficient Point-of-Sale application that exists to date, which permits consumers to make immediate payments, while allowing providers to request a payment in the name of their business. What makes the application seemingly desirable is its, “fast setup, no subscriptions and fraud detection systems.” The app has been designed in this way to promote the acceptance of BCH as a possible method of payment.
Getting back to the NFC, it is a feature that many traditional businesses use today to accept funds from one’s debit or credit card. For example, if a consumer has a virtual version of their credit, debit or gift card stored in their Apple wallet, then it is as simple as tapping the mobile found directly on the card machine. What differs here is that instead of a debit machine and a mobile device, the transaction process requires two mobiles.
To see the Pop app in full effect (excluding set up), Handcash shared a video of how it works on Thursday, August 7, and by the looks of it, lightning fast is too simple a term to describe the overall process.
Check out Pop! Live right below:
Lightning my ass. pic.twitter.com/X5DMnBY1JG
— POP! by HandCash (@POPbyHandCash) August 7, 2018
By analyzing the video, it seems that a consumer would have to scan the QR Code from the mobile device found at a given shop. Upon doing so, the amount that must be transferred to the shop appears on the consumer’s device and the transaction is completed within a swipe.
Do you think that Handcash’s Pop can help to increase BCH exposure? Will businesses embrace the idea? Share below!