30 May '15, 4pm

FinTech Digest: Android Pay Arrives, CBA Integrates Ripple, Bitcoin ATMs Hit Milestone

FinTech Digest: Android Pay Arrives, CBA Integrates Ripple, Bitcoin ATMs Hit Milestone

Google Introduces Android Pay, A Replacement For Its Wallet App on Mobile Google is taking another shot at mobile payments. At this year’s I/O developer conference, the tech giant stated that Google Wallet will now be replaced with Android Pay on smartphones. The Verge reported: “Android Pay will power in-app and tap-to-pay purchases on mobile devices. Google Wallet will stick around, but it will power Play Store purchases outside Android, say on the web, and facilitate peer-to-peer payments you can make through the app and on services like Gmail.” Commonwealth Bank of Australia to Integrate Ripple for Instant Settlements Commonwealth Bank of Australia is getting into cryptocurrency, and they’re using the Ripple protocol to do it. The idea behind this endeavor is to test what bank-to-bank internal transfer might look like using crypto rather than existing payment providers...

Full article: http://cointelegraph.com/news/114428/fintech-digest-andro...

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