One Bit

Pay with Bitcoin at any PayPass Terminal

singapore

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Technologies Used

Android
MongoDB
nodejs
MasterCard MoneySend

Project Team

Toby Hoenisch
Developer Entrepreneur
Paul
Designer Entrepreneur
michael

This team is looking for

Product Manager Investor
REQUEST TO JOIN

About

Do you like Bitcoin, but don't know how to spend it? With One Bit we let you pay at any PayPass terminal directly with Bitcoin. You never need to touch any local currency again. Oh yeah and we offer market rates with zero-markup! How it works: 1. On signup: We issue an empty prepaid credit card for you 2. When you want to pay: a) We use a bitcoin payment gateway to convert your bitcoin on the fly into a local currency (zero markup!) b) Dynamically increase your card limit to the exact amount (via MoneySend) c) send the prepaid card number to the merchant via NFC (via mobile Payment SDK) Monetization: * transaction volume based cash-back from the credit-card issuer (0.6~1.0 %)

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