• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee

Contactless Payment Display Experiment By BNP Paribas Can Boost Bitcoin Adoption

Jp Buntinx by Jp Buntinx
8 years ago
in Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, Companies, News, News teaser, Services, Technology
0

The world of finance and technology is constantly evolving, and traditional institutions have to play catch-up in this game to stay relevant. Contactless payments have been touted as one of the most revolutionary financial innovations of the past decade, and many consumers are eager to be part of this experience. An upcoming test by BNP Paribas will experiment with contactless payment displays.

Also read: Lacksidasical AML Efforts Help Fund Terrorist Attacks – Bitcoin Not To Blame

Are Contactless Payments Removing The Social Experience of Shopping?Bitcoinist_Contactless BNP Paribas

Despite the appeal of contactless payments, this level of innovation in the financial sector slowly removes any human interaction from the shopping experience. Rather than chatting with the cashier while making the payment itself, consumers will soon be able to complete the checkout process themselves in a contactless manner.

However, the upcoming test scheduled by BNP Paribas will not take things that far just yet. As part of their partnership with Think&Go, the plan is to roll out contactless payment displays, enabling consumers to make donations or complete impulse purchases. What makes this concept even more interesting is how the test will be conducted in public spaces, including transit hubs and shopping centres.

Some people may start to feel as if we are transitioning into a world of sci-fi technology, where everyone can buy anything they want in any given location. As the card owner’s information is transmitted during a contactless payment, these displays will be able to get a delivery address from the transaction itself. In a way, this brings a new level of privacy protection to the shopping experience.

To ensure this test by BNP Paribas runs smoothly, the touchscreens will be designed to process transactions in the blink of an eye. Among the potential use cases for this test are options to obtain coupons or book hotels and flights by using their mobile phone or NFC-enabled bank card.

The confirmed test site will be 2Opéra in Paris, France, where customers will be able to make donations to their preferred charity. The contactless display will then process the donation as soon as a consumer puts their NFC-enabled bank card or smart device on the screen itself. It will be interesting to see how this concept plays out, as it could open a lot of new opportunities for m-commerce.

Opportunities for Bitcoin Payments To EvolveBitcoinist_Contactless Bitcoin Payments

Bitcoin has been a contactless payment method for quite some time now, but it has not yet been embraced on a global scale. The upcoming contactless display test by BNP Paribas opens up a few opportunities for Bitcoin payments as well. Imagine a world where you would see an ad on a major screen, and an option to buy it with Bitcoin?

This field test could be exactly what Bitcoin needs to gain mainstream adoption over the next few years. Very few mainstream consumers are aware of Bitcoin as a payment method, yet if it were to be an available payment method on contactless displays, that situation would change rather quickly. It will be interesting to see whether or not this idea becomes a reality someday.

What are your thoughts on the concept of contactless payment displays? Will it be beneficial for Bitcoin in the long run? Let us know in the comments below!

Partial Source: Finextra

Images courtesy of Shutterstock, BNP Paribas

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Related Posts

TikTok

TikTok Faces Challenge As Elon Musk Crypto Scams Multiply

2 days ago
Bitcoin

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

2 days ago
Binance.US

Binance.US Hit Hard: Trading Activity Tanks 98% Amid SEC Squabble

2 days ago
Bitcoin

Get Ready For Bitcoin’s Next Surge: Analyst Believes ‘This Is The Beginning’

3 days ago
Bitcoin

Bitcoin Miners Lead In Clean Energy Adoption, Surpassing 50%

6 days ago
Bitcoin

Bitcoin Critique: ‘Black Swan’ Author Courts Controversy With Provocative Take

6 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Mark Cuban’s $870K Crypto Nightmare: Could This...

    30 mins ago
  • Chainlink (LINK) and Monero (XMR) Start Their Comeback, and...

    30 mins ago
  • VeChain (VET), Avalanche (AVAX), Polkadot (DOT) Enter...

    5 hours ago
  • Litecoin (LTC), Bitcoin (BTC), and Chainlink (LINK)...

    5 hours ago
  • Is Bitcoin still a good choice for investing? – New...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.