Bntrust cloud money1/30/2024 ![]() ![]() Hsu said 25 percent of each commission will go to charities selected by users. Tagging allows for easier searching of past transactions.īusinesses will pay one percent of every sale made on the platform to nTrust. Both the customer and business will get a transaction notification.Īny payment can be described with a note and tags. When making a purchase, you type in the amount and adjust a slider to determine the tip amount. “Typically, in payment apps, you choose the amount and then choose people after.” nTrust has launched its Cloud Money mobile apps.Īs well, Bluetooth Low Energy allows you to see nearby businesses on the platform. “The idea is you choose who you want to transact with first, and then you enter the amount,” Chen said. If you want to make a payment to or request payment from someone, you just drag your avatar to theirs. Each user has a QR code, making it easy to add someone to your list. The home screen displays your avatar surrounded by those of your friends and favourite businesses. Hsu and Wayne Chen, nTrust’s creative director, provided a demonstration of how the apps work. ![]() The UBC Alma Mater Society will start doing so this fall. But he was actually referring to nTrust’s Cloud Money platform, which launches today (September 9) with apps for iPhone and Android devices, and runs on fiat currencies like the Canadian dollar.ĭougieDog, a local food truck, will be the first business to officially accept payments using the nTrust platform. ![]() It might sound like Hsu is talking about Bitcoin. “It’s being able to interact with people on a financial level but being able to give them the freedom and ability to do that as openly and freely as possible.” “The idea is basically squeezing the entire economy of cash out of the system and turning it into digital cash,” nTrust’s chief experience officer told the Georgia Straight during an interview at the company’s downtown office. Vancouver-based tech startup nTrust wants to “free everyone’s money”, according to Rod Hsu. ![]()
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