Mycelium , a well known bitcoin CT r: 7 company providing mobile wallet and P2P exchange, has announced their long time awaited card. A useful feature for users is they don’t need an internet connection when transacting among each other.
“We launched the card product at the “CARTES SECURE CONNEXIONS” two weeks ago,” confirms Alexander Vasylchenko, CTO at Mycelium, for CoinTelegraph CT r: 32 . It is the largest global event bringing together the key decision makers from around the world from the payments , identification and mobility ecosystem. Useful features
Mycelium allows completing card-to-card transactions as well as consumer-to-merchant transactions. The payment system only revolves around issuing cards to consumers and distributing hubs to merchants. As the system’s record tracking and security is based on blockchain distributed ledger, the physical infrastructure is kept simple and inexpensive.
The hub transfers information between the card and the distributed ledger infrastructure and does not contain any sensitive data. A transaction is immediately forwarded to a server, which sends it to the distributed ledger right away. For this reason, data in the card do not need to be encrypted. Mycelium and other payment systems
An essential difference when comparing Mycelium CT r: 82 to other payment system s is its low operational cost. It does not require any network deployment, thus does not cause any network maintenance cost. Its operational costs are much lower than a traditional payment system where the issuer, the acquirer and multiple processors have each to get their share of the interchange fee.
Jack Cheng who is responsible for the media and marketing in ANX International , company that offers a full suite of Blockchain Solutions to the global market commented: “There’s been too much focus on the technology aspect of Bitcoins. This has slowed the overall adoption of these […]
