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August 24, 2011 06:28 pm GMT
Online and mobile payment platform Dwolla just launched a new feature called "Proxi" which allows users to send and receive cash-based mobile payments based on their current proximity to another connected device. The technology bypasses the need for special hardware, like Square's plastic dongles or NFC chips built into a phone, in order to make mobile payments.Instead, the interface provides a simple way for Dwolla's users to find nearby contacts and send them money using only the mobile app itself.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8TvtJdsA56E/
Dwolla Launches "Proxi" For Proximity-Based Mobile Payments
Online and mobile payment platform Dwolla just launched a new feature called "Proxi" which allows users to send and receive cash-based mobile payments based on their current proximity to another connected device. The technology bypasses the need for special hardware, like Square's plastic dongles or NFC chips built into a phone, in order to make mobile payments.Instead, the interface provides a simple way for Dwolla's users to find nearby contacts and send them money using only the mobile app itself.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8TvtJdsA56E/
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