P-YOM Software Lets Bitcoin Consumers Create Their Own Print Money
Laura McQuarrie — April 2, 2015 — Lifestyle
References: csironewsblog & 3ders.org
Considering how disruptive Bitcoin and 3D-printing have been, it was truly only a matter of time before they collided in a system to print money.
Although Bitcoin is a cryptocurrency that doesn't rely on a physical form, P-YOM (Print Your Own Money) is a new software that was created so that Bitcoin users could create their own currency through 3D printing. Each coin has the ability to be electronically watermarked with a barcode, which can be authenticated and tracked online in order to verify the coin's value and authenticity.
Now that there are a few retailers willing to accept payments by Bitcoin, this could be a breakthrough idea that changes the way you buy your morning coffee or make purchases at vending machines. For the moment, P-YOM's designers are working with developers in the gaming industry to create a combination 3D printer and poker machine, which would dole out Bitcoins as winnings.
Although Bitcoin is a cryptocurrency that doesn't rely on a physical form, P-YOM (Print Your Own Money) is a new software that was created so that Bitcoin users could create their own currency through 3D printing. Each coin has the ability to be electronically watermarked with a barcode, which can be authenticated and tracked online in order to verify the coin's value and authenticity.
Now that there are a few retailers willing to accept payments by Bitcoin, this could be a breakthrough idea that changes the way you buy your morning coffee or make purchases at vending machines. For the moment, P-YOM's designers are working with developers in the gaming industry to create a combination 3D printer and poker machine, which would dole out Bitcoins as winnings.
Trend Themes
1. Cryptocurrency Printing - The 3D printing technology collides with cryptocurrency to create a new system of printing money with the P-YOM software, offering disruptive potential in electronic payments and financial transactions.
2. Electronically Watermarked Currency - Individuals can now create their own authentic and non-counterfeit currency through electronically watermarked crypto coins printed using the P-YOM software, disrupting the traditional methods of printing, minting, and using currency.
3. 3D Printed Gaming Currency - The gaming industry is collaborating with P-YOM's designers to create a 3D printing gaming machine that offers Bitcoins as winnings, paving the way for disruptive innovation in online gambling and digital gaming transactions.
Industry Implications
1. Financial Technology - The P-YOM software creates an opportunity for the financial technology industry to explore the potential of cryptocurrency printing and 3D printing, enabling the innovation of electronic payments, secure transactions, and alternative digital currencies.
2. Gaming - Collaboration between P-YOM's designers and the gaming industry offers unparalleled opportunities for the integration of blockchain technology, 3D printing, and cryptocurrency, leading to the development of new gaming platforms, applications, and monetization models.
3. Manufacturing - The combination of 3D printing and cryptocurrency represents a challenge and opportunity for the manufacturing industry to explore alternative printing processes, materials, and designs for producing currency and other items that benefit from secure, decentralized, and digital transactions.
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