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Added 24 March, 2018

Contactless cryptocurrency payments are now in retail stores

Cryptocurrencies like Bitcoin (BTC) are now a regular feature in mainstream news. It’s no surprise we are beginning to see retailers find more innovative ways to accept different forms of currency, such as at this airport in Australia. Now though, BTC owners could be able to pay at any location that accepts contactless payments with Flip.
The difficulties involved in converting cryptocurrency into government verified currencies has delayed its mainstream use within many retail stores. Flip, from Fit Pay (makers of Garmin Pay), acts as a digital wallet that aims to simplify the conversion process for users. The platform enables those with BTC to convert their cryptocurrency into USD. The USD can then be uploaded into a ‘Flip-Chip’; a coin-shaped device that acts as a pre-paid card. The device is equipped with NFC (Near Field Communication) technology that can interact with card readers, in the same way as contactless debit cards, to enable contactless payments.

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