The idea is to pre-install Google's electronic payment service on phones, as the companies seek to counter Apple Inc's recent entry into the nascent market for mobile payments.
At 20, Wences Casares launched Argentina's first Internet service provider. Now 40, and with several successful startups under his belt, the serial entrepreneur is on a mission to bring financial security to underserved communities through Bitcoin.
Email addresses from pilot participants were stolen, the company said, though the forthcoming mobile app -- which lets users purchase goods by scanning a QR code -- was not affected.
The decision by Rite Aid and CVS to block Apple Pay within its stores over the weekend has shed light on a Walmart-led consortium of retailers developing a contactless payment system of its own.
That's right. America's richest man believes Bitcoin is a promising payments solution. Why? Because it's 'cheap.' However, his outlook isn't as bright on the anonymity aspect.