Startup DotDashPay Enables Any Machine to Accept Cashless Payments
Alyson Wyers — January 20, 2016 — Business
References: dotdashpay & springwise
Through the proliferation of credit card-connected smartphone apps and the emergence of cryptocurrencies like Bitcoin, it is less and less necessary for people to carry real money -- a concept this cashless payments startup takes to a new level. DotDashPay uses Internet of Things technology and open source APIs to enable any machine to take payments.
The company offers both hardware and software designed to make the paying process faster and more efficient. Their devices allow businesses to accept cashless payments as well as all other methods, from swiping cards to cloud-based options like PayPal. Using simple code, the software can be added onto any device, including vending machines and arcade games. Therefore, the IoT payment platform is relevant to a wide variety of retail environments.
The company offers both hardware and software designed to make the paying process faster and more efficient. Their devices allow businesses to accept cashless payments as well as all other methods, from swiping cards to cloud-based options like PayPal. Using simple code, the software can be added onto any device, including vending machines and arcade games. Therefore, the IoT payment platform is relevant to a wide variety of retail environments.
Trend Themes
1. Internet of Things (iot) Payments - DotDashPay disrupts the payment industry by leveraging IoT technology to enable any machine to accept cashless payments.
2. Open Source Apis - DotDashPay innovates by using open source APIs to integrate their payment software into various devices, offering businesses a more flexible payment solution.
3. Multi-method Payment Solutions - DotDashPay taps into the trend of multi-method payment solutions by allowing businesses to accept a variety of payment options, including credit cards and cloud-based platforms.
Industry Implications
1. Retail - DotDashPay's IoT payments platform disrupts the retail industry by enabling cashless payments in various retail environments, from vending machines to arcade games.
2. Fintech - DotDashPay's integration of IoT technology and open source APIs presents disruptive innovation opportunities in the fintech industry by offering more advanced and efficient payment solutions.
3. Internet of Things (iot) - DotDashPay's use of IoT technology in their payment platform opens up opportunities for disruptive innovation in the IoT industry, where machines can seamlessly accept cashless payments.
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