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consumers' smartphones. The technology that underscores
transfer bitcoins to mobile wallets. The process can also be
transfer bitcoins to mobile wallets. The process can also be consumers' smartphones. The technology that underscores
this communication is called Bluetooth Low Energy (BLE),
reversed, allowing users to redeem bitcoins for cash. Users
reversed, allowing users to redeem bitcoins for cash. Users this communication is called Bluetooth Low Energy (BLE),
must initiall which enables connected devices to communicate with
must initially enroll via the kiosks, which involves facial y enroll via the kiosks, which involves facial
which enables connected devices to communicate with
r recognition, palm scanning and ID card verification. ecognition, palm scanning and ID card verification. each other seamlessly, while keeping energy consumption
each other seamlessly, while keeping energy consumption
at low levels.
at low levels.
At t
At the beginning and the end of each kiosk-facilitated he beginning and the end of each kiosk-facilitated
Marcus said that by walking into stores, consumers trigger
transaction, t Marcus said that by walking into stores, consumers trigger
transaction, the kiosk dispenses tickets to users – the he kiosk dispenses tickets to users – the
i initial ticket provides users a unique transaction ID and nitial ticket provides users a unique transaction ID and a vibration or sound to be communicated between devices,
a vibration or sound to be communicated between devices,
which confirms a successful check in. When consumers
t
the following ticket is a receipt for proof of purchase. he following ticket is a receipt for proof of purchase. which confirms a successful check in. When consumers
are ready to check out, no cards, or even launching mobile
are ready to check out, no cards, or even launching mobile
'Hands-free' pay-Hands-free' pay-
' apps on smartphones, are necessary. "Paying only requires
apps on smartphones, are necessary. "Paying only requires
a verbal confirmation, and you're done," Marcus said. "No
a verbal confirmation, and you're done," Marcus said. "No
wallet. No card. Nothing to do. Not even touching your
wallet. No card. Nothing to do. Not even touching your
ments beckon phone."
ments beckon
phone."
Marcus said PayPal developers investigated other
Marcus said PayPal developers investigated other
technologies before deciding on BLE. "We played with
technologies before deciding on BLE. "We played with
O Marcus revealed on the company's corporate arcus revealed on the company's corporate geo-location leveraging GPS and Wi-Fi," he said. "We
n Sept. 9, 2013, Pa
n Sept. 9, 2013, PayPal Inc. President David yPal Inc. President David
geo-location leveraging GPS and Wi-Fi," he said. "We
M
played with geo-fences in iOS. But none of these solutions
played with geo-fences in iOS. But none of these solutions
blog its new iteration of hands-free payments log its new iteration of hands-free payments
b
met our standards."
met our standards."
O at the POS. The solution, dubbed PayPal at the POS. The solution, dubbed PayPal
Beacon, takes advantage of wireless Bluetooth technology Beacon, takes advantage of wireless Bluetooth technology
"With the introduction of PayPal Beacon, I believe we're
that reportedly bypasses the need for consumers to access that reportedly bypasses the need for consumers to access "With the introduction of PayPal Beacon, I believe we're
opening the door to a fundamentally different way to use
mobile wallets or produce bankcards when paying for mobile wallets or produce bankcards when paying for opening the door to a fundamentally different way to use
technology to make shopping richer and more valuable
purchases at brick-and-mortar locations.purchases at brick-and-mortar locations. technology to make shopping richer and more valuable
for consumers and merchants alike," Marcus said. "This
for consumers and merchants alike," Marcus said. "This
technology is our most significant contribution to date in
PayPal Beacon involves a device that plugs into a wall PayPal Beacon involves a device that plugs into a wall technology is our most significant contribution to date in
reinventing the in-store shopping experience."
socket and communicates with retailers' POS systems and socket and communicates with retailers' POS systems and reinventing the in-store shopping experience."

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