News
The U.S. Consumer Financial Protection Bureau has focused on the role of Apple and Google in mobile payments with a critical eye.
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NFC News
NFC, or near-field communication, is a communication protocol that allows communication between two electronic devices that are within 4 cm or less of each other. Most of devices use NFC for payment processes. Financial services often include NFC in banking applications. NFC payments are currently the most convenient way of making common transactions and are gaining popularity in developed and developing countries. NFC isn’t really a new technology and was used in several products beginning in the late 1990s. However, the widespread use of NFC started with the popularization of smartphones and mobile wallets. NFC is also often implemented in various payment cards and in some specialized products. NFC technology is sometimes implemented in both software and hardware cryptocurrency wallets for making payment processes faster.
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Nonfungible tokens are being used to reinvigorate postage stamp collecting in Austria and the Netherlands.
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A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled Bolt Card.
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About 40% of vintage whisky bottles were either fake or not produced when claimed.
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A South Korean county with a population of mostly elderly residents has seen a strong rise in stablecoin adoption.
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A new cryptocurrency hardware wallet stores private keys securely and fully isolated, while NFC technology enables authorization of transactions through a mobile device.
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Italian winery adopts NFC-enabled closures to its wines, adding tasting notes, reviews, and blockchain-based authentication.
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Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield.
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