GeoCoin

We think QR-Codes exchange between merchant and his customer just for a BitCoin payment is cumbersome.

1. Customer cannot read the QR code himself
2. Customer wants it easy to handle
3. No Bluetooth - since this drains the battery

GeoCoin hides those cryptical QR- code data from the payment process and connects merchant and customer simply by geo-fencing. The underlying real-time protocol handles the information.

Once a customer is ready for payment, he accepts the amount and DONE!

--> Customer still has full control, but does not need to deal with cryptical stuff.

Future projects, which can follow easily on top of the implementation:

• Pay in restaurant
• Tip waiter --> we have an example of a Pebble watch integration
• Auction
• Retail Stores
• All scenarios, where users are physically in the store

The merchants, have an easy, cost-free solution to offer customers a mobile based payment solution. Instant payment helps to avoid credit card frauds.

Built With

• coinbase
• firebase
• pebble