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Fit Pay enables contactless payments with Bitcoin via Flip

Friday 29 June 2018 14:10 CET | News

Fit Pay has provided an update on the development of Flip, a contactless payment device that enables Bitcoin holders to use the value of their currency to make contactless purchases. 

The initial production run of the Flip payment device as well as the end-to-end testing of the digital wallet and Bitcoin exchange integration to enable the device have all been completed.

Flips near field communication (NFC) antenna allows it to transact payments at any retail point of sale location that accepts contactless payments. Flip stores a preloaded amount of US. dollars that are exchanged from the users existing Bitcoin account. Flip includes a digital wallet that allows the user to set how much value they would like their Flip to hold and when they would like it to reload. Flip does not need to be charged.


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Keywords: Fit Pay, contactless payments, Bitcoin, Flip, NFC
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