Mobile payments change shape in El Salvador where Bitcoin is now legal tender

Mobile payments - Bitcoin - mobile

The country has become the first in the world to classify the cryptocurrency as legal tender. El Salvador has just officially approved a proposal made by President Nayib Bukele to grant legal tender classification to Bitcoin in the country, opening up new mobile payments opportunities in the country. A majority of the country’s lawmakers chose to vote in favor of the initiative earlier this week. The digital and mobile payments move in the country created a new Bitcoin law that formally accepted the cryptocurrency as legal tender in the country.…

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Facial recognition technology requires ethical development, say investors

Facial recognition technology - binary - technology - person's face

A group of 50 investors have launched a push for an improved ethical approach to this tech. A $4.5 trillion investor group led by asset manager Candriam (New York Life subsidiary) have launched a call for companies involved in facial recognition technology development to proceed with improved ethics. Companies around the world have been developing and using the tech for a spectrum of applications. The group is comprised of 50 investors. It is calling on companies such as Facebook (Nasdaq stock symbol FB) and Amazon (Nasdaq stock symbol AMZN) to…

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France turns to QR code sign-ins to trace customers as restaurants reopen

QR code sign-ins - cafe in Paris, France

As bars, cafés and other eating establishments open up, the government is using barcodes for tracing. On Wednesday, France is starting phase 3 of its reopening plan, which includes eating establishments and will involve the use of QR code sign-ins for contact tracing. The quick response codes are meant to help keep track of customers in case an outbreak should occur. On June 9, assuming the situations continues to remain as it is (or better) the government will allow eating establishments, gyms and swimming pools to open. The curfew will…

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QR code name verification system launched in Taiwan

QR code name verification - QR Code displayed on mobile phone

The country has added the quick response barcodes to its real-name registration system. Last week, Taiwan’s Cabinet announced a new QR code name verification feature to help simplify the real-name registration system. The idea is to make it faster and easier to provide accurate contact information using a three-step process that is supposed to take only five seconds to complete. The real-time confirmation of a person’s true identity is meant to help in slowing the COVID-19 spread. One component of the Level 3 restrictions currently in place in Taipei and…

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SafetyPay QR codes roll out in Brazil for realtime mobile payments

SafetyPay QR codes - person using mobile phone to pay

The popular alternative payments platform will use the barcodes across the Brazilian market. SafetyPay QR codes are rolling out across Brazil as the leading digital alternative payments platform announced that it was implementing a new mobile payment method. This leading platform in Latin America and Europe is starting with PIX in the Brazilian marketplace. The SafetyPay QR codes are a part of that PIX mobile payment method that Brazilians will be able to use to complete transactions in real time. Though this method, people across the country can use their…

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