-
Essay / The development of cryptocurrency tools for contactless payment
Every day we use less and less money. Increasingly, when paying for goods or services, we have in our hands bank cards or mobile devices that support the contactless payment function. Okay, it's much more practical. And if in developed economies this has long been the norm, in the CIS countries it is only gaining popularity. And compose, I must say, very quickly. For example, in Ukraine, at the beginning of 2018, the number of bank cards increased to 59.9 million units, among which the number of contactless cards was 2.7 million (in 2017, an increase of 37.8% ). Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Additionally, after fall 2017, Google, in partnership with Mastercard, launched a contactless payment service, the number of users of which increased by 100% per month. Thus, the growth trend in the number of contactless payment users is evident. But in the field of cryptocurrencies, another trend should be noted: a very weak development of payment methods for crypto owners, let alone contactless methods. This problem is faced by all crypto enthusiasts. But to some extent, the Sidera project team decided to solve it. About the project Sidera is a platform that allows you to use cryptocurrency tools for contactless payment, while using a smart clock. The project team notes the high pace of development of blocking technology and the growing popularity of crypto assets, so the emergence of a platform such as Sidera is considered inevitable. Its launch and implementation will play an important role in popularizing cryptocurrency around the world, and will facilitate its use. A feature of this platform is the SmartBit device. The device itself is not much different from usual smartwatches, but there are differences nonetheless. The main thing is the security of private information (it's no secret that very often data from smart watches is collected by different companies for use in marketing) and an emphasis on crypto support -currencies. This is the use of critical resources and will be the main function of SmartBit. The user of this device can send or receive BTC, ETH and ERC-20 tokens, as well as other coins. All these processes will be regulated by special software. It is planned that SmartBit will be available in three versions (BitBand - bracelets with touch screen, BitWatch Premium - smart clock with touch screen, BitWatch Visionary - smart clock with touch screen,What functions and features will SmartBit have? In fact, there is a large number of them: Secure Anti-Theft System (which, in addition to standard security methods such as passphrase, two-factor authentication and a PIN code for confirmation of the operation, will have a sensor biometric and a facial recognition system), Phantom Mode (literally “Phantom Mode” is a development that the project team is very proud of). When used in a smart clock, all operating modes are connected). to cryptocurrency and simply perform the functions of a conventional smart clock to return to the mode of working with crypto-tools), Wrist-to-Wrist transactions (exchange of Cryptocurrency from one device to one. other by connecting them via Bluetooth or Wi-Fi), POS Payment NFC (a function that allows you.