Bitcoin and mobile commerce are beginning to mingle
Google Glass has been gaining a great deal of attention for its use of augmented reality, but the platform may also be used to process mobile payments in the future. Typically, smartphones and tablets are the only devices that are used to make mobile payments, but RedBottle Design, a software firm based in New York, has recently developed a new application that could bring mobile payments to Google Glass. The application is aptly called GlassPay and is designed to leverage bitcoin as a form of payment.
Bitcoin begins attracting serious attention
Bitcoin is a peer-to-peer digital currency that has managed to generate some controversy. The digital currency is meant to act as an alternative to physical money, and is quite more valuable than its physical counterpart. At the current exchange rate, one bitcoin is equal to approximately $200 U.S. dollars. Bitcoin is, however, often associated with dubious business practices. As an alternative to physical currency, bitcoin is often used to purchase illicit substances online. This is not the only purpose of bitcoin, of course, but the currency’s dubitable uses attract significant attention.
GlassPay could add a new dimension to mobile commerce
Using GlassPay, bitcoin could garner some legitimacy. Because of the value of this digital currency, as well as the momentum it has managed to generate in the online world, a growing number of businesses are beginning to accept bitcoin as a form of payment. GlassPay aims to provide bitcoin with more momentum while also making it more available on a platform that could become quite popular with consumers in the near future.
Augmented reality could help revolutionize mobile commerce
Google Glass has yet to be officially released, but the platform has generated hype among tech-savvy consumers. Much of this hype is centered on the platform’s use of augmented reality technology. Glass can use this technology to make social networking and a variety of online activities more engaging for consumers, but it could also have significant potential in the realm of mobile commerce.