PayTile is one of the first P2P payment platforms to use geo-location to provide fast, safe, secure, and private financial transactions between users without sharing their personal information with third parties. Through their partnership with Cross River, the latter will provide the necessary core banking infrastructure and payment capabilities.
At the same time, PayTile is launching Money Drop, an in-house new tech that expands the company’s vision further than P2P payments. The tech allows users to digitally place cash or other digital goods at an exact location for users to redeem or drop, without requiring any hardware.
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