Zippie is a pioneer in the Web3.0 payment platform using blockchain technology. Zippie enables businesses to send and receive programmable payments with money and other digital assets, such as airtime, loyalty points, tokens, and gift cards. Since 2017 Zippie has been developing an easy-to-use, legacy, money-system-connected blockchain platform for the real world. Zippie is obtaining e-money license in
(1) MyPlanet – a donation application for full end-end transparency donation platform for conservation projects. MyPlanet is a transparent way to directly support communities that are releasing funds against clear milestones. MyPlanet is currently in
(2) Lohko wallet – a platform for investors to manage their digital assets. Lohko’s first available products are physical gold and silver bars. Lohko tokenises physical gold and silver bars making ownership easily and securely digitally transferrable. The gold and silver are securely stored in a custodial vault in
(3) AirImpact – a dashboard for corporates to manage their value transfer. AirImpact develops solutions to enable transparent value transfer in donations, mobile airtime, and digital coupons. AirImpact connect people with financial means to those who can create an impact within their local communities. (www.airimpact.co).
About Autonomous Payment
According to the Worldline report, there has been huge growth in the number of connected devices, from an estimated 200 million globally in 2000 to around 38.5 billion in 2020. In 2020, 779 billion digital transactions were completed worldwide. Today most of the payments are triggered by humans. Tomorrow, with the advent of IoT rollout, these payments will be triggered “autonomously” by machines, a key characteristic of IoT payments. For example, a camera detects who is boarding and disembarking from a train, and the correct fares are then automatically charged to the individuals. Members of Gen Z are extremely concerned about climate change and want to prioritize sustainable ways of living. This will propel forward the sharing economy: individuals who are less concerned with ownership will be able to share access to material products with others, leading to lower costs for everyone (paying only for what they need). IoT payments will help accelerate the development of sharing economy platforms, because they help to enable pay-per-use business models for physical products.
The key aspect of IoT payments is security – how payment credentials are stored securely on a device, how access to the device is controlled (to prevent hacking), and how users on the device will authenticate themselves. Blockchain provides the needed technology to manage and execute IoT autonomous payment transactions. The essentials of using blockchain technology are the inalterability of data (integrity), no single point of failure (availability), identity managed by public/private key pair (authentication), cryptographic primitives that deny data access to unauthorized users (confidentiality), and the requirement that all transactions be signed and auditable (non-repudiation).
With this strategic investment and collaboration,
https://worldline.com/content/dam/worldline-new/assets/documents/whitepapers/autonomous-payment.pdf
About
Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products. The Company is also currently in development of 5G products for phones and hotspots.
About Zippie
Zippie was founded by Dr. Tech.
www.zippie.com
Forward-Looking Statements and Additional Information
This press release includes “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect our management’s current beliefs. Many factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including the possibility that the development of solutions for IoT autonomous payment as mentioned may not be successful or completed to the extent intended or at all, and the negative impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, so the reader is advised to refer to the Risk Factors sections of the Company’s filings with the
Investor Contact:
Vice President of Corporate Finance
sandra.dou@borqs.net
www.borqs.com
Source:
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