Tag: bitcoin

Open source mobile wallet using bitcoin coming soon to Windows Phone

BitPay will soon be launching a new platform that will available for free from Microsoft’s app store.

BitPay has now launched an open source, multi-signature bitcoin mobile wallet platform called Copay, which can be obtained through the Windows Phone app store, says a press release from that company.

The platform is available now and can be downloaded from that app store for free.

The Copay mobile wallet app is an open source project that was headed by BitPay, which is best known as a bitcoin processing payment processor for Microsoft. The application was first launched last week in Las Vegas at the massive CES technology show. Copay has been a project that has been a focus of BitPay since early last year. Since that time, it has been designing and creating the platform for its own corporate use. The software was originally developed for the purpose of offering an open source base on which highly secure bitcoin payment services could be constructed.

This mobile wallet software platform was used for transactions that need several authorization levels.

Windows Phone - Mobile WalletFor that reason, it worked very well when it came to the concept of corporate fund management. According to the CEO of BitPay, Stephen Pair, “This is one of our contributions to the Bitcoin technology.” He also added that the support from Microsoft has made it possible for the company to be able to “make our code available to a new group of developers and companies. We look forward to seeing how Copay evolves.”

At the moment, BitPay is hoping that developers will take a good look at its software and leave reviews for it. The company is also encouraging those developers to use that software and build on it so that they will be able to release commercial services and products such as solid mobile wallets, that are created on a foundation of Copay. This, according to the announcement of the release of this software and of its open availability.

Bitcoin as a currency has seen a rocky road, as have mobile payments, so it will be interesting where this new direction takes them.

New York City may embrace mobile payments

Department of Finance is considering the possibility of accepting mobile payments

New York City’s Department of Finance is considering the possibility of using mobile payments for parking and traffic tickets that are issued to drivers. The state agency has begun exploring the realm of mobile commerce, reportedly considering designing its own mobile payment system to handle payments for traffic violations made throughout the city. Apple Pay, PayPal, and even Bitcoin are also being considered as possible options for this endeavor.

Mobile commerce is becoming quite common throughout New York City and elsewhere in the United States

Mobile payments have become quite popular among consumers in New York City. Many people have begun using their mobile devices to purchase products online, but it is becoming more common to see people paying for products in physical stores with their smartphones and tablets. As mobile commerce becomes more prominent, it is beginning to have an impact on the way governments handle money coming from consumers.

Department of Finance payment channels may be outdated and inconvenient for consumers

Mobile Payments - New York CityAccording to the results of an internal revenue, the Department of Finance found that its existing payment channels are not aligned with contemporary payment technology. As such, those issuing payments to the agency have had to rely on traditional, less convenient forms of payment. The agency wants to improve its payment systems in order to make them more convenient and efficient for consumers.

Embracing mobile payments may help agency become more efficient and provide consumers with a better way to pay for traffic violations

The New York Police Department issue nearly 10 million parking tickets every year. These tickets can be processed in person, online, and over the phone, but the state’s outdated payment services make each of these options somewhat inconvenient. By embracing mobile payments, New York City could become more efficient in the manner it handles payments for traffic violations. The state already has many examples of successful mobile payment systems that it can pull inspiration from. It could also embrace payment systems that already exist, such as PayPal, Square, and Apple Pay.