Published on July 27th, 2015 | by bitcoin0
OneBit, a Universal Bitcoin Payment system, Enters Alpha Testing
In April, Bitcoin Magazine reported that startup OneBit was developing a Bitcoin wallet app that lets users pay at any store with contactless mobile payment by seamlessly and transparently accessing the credit card payment networks.
OneBit securely converts users’ bitcoin on the fly into any major local currency and pays merchants via their NFC payment terminals, at zero fees.
Now, OneBit developer Toby Hoenisch has announced on Reddit that OneBit has entered alpha testing, and the first handful of alpha users are doing test transactions around the globe.
Though OneBit was first developed at a Mastercard Hackathon, Hoenisch said that OneBit doesn’t have an official partnership with Visa or Mastercard.
OneBit is a hosted bitcoin wallet.