29 May '15, 6am

Pinn Wins Top Prize for Hand-#Free #Bitcoin Payments App

Pinn Wins Top Prize for Hand-#Free #Bitcoin Payments App

Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet. The accelerator featured a number of bitcoin and blockchain startups in its FinTech portion, however, Pinn provided evidence of bitcoin's expanding appeal to other markets. Pinn was the only retail startup to integrate bitcoin into its solution, but 18-year-old entrepreneur and CEO Will Summerlin sees the technology as one that could give it a long-term advantage over its competitors. He told CoinDesk: "Essentially, bitcoin eliminates dealing with international transactions, because it's a global currency. In an international environment, bitcoin creates a more frictionless payment process, you don't have to deal with conversion." Pinn leverages proximity t...

Full article: http://www.coindesk.com/pinn-hands-free-bitcoin-payments-...

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