In an attempt to spearhead the mobile wallet space, while simultaneously taking on Apple Pay, Samsung acquired LoopPay - a startup that invented a mobile
wallet technology called MST (Magnetic Strip Technology).
Not exact matches
A new service
called Plutus wants to change this problem by offering a digital currency platform that uses contactless
technology through their
wallet.
Samsung Pay uses a different
technology than most mobile
wallets called Magnetic Secure Transmission (MST), formerly known as LoopPay.
And although the
wallets are not yet ready for use, the demo, from Gervais» new project,
called Liquidity Network, signals that more people in the ethereum community are interested in adopting the
technology.
The Mi - 2s's sister phone,
called the Mi - 2A (or 2A for short) is equipped with NFC (Near Frequency Communication)
technology which has potential as a mobile
wallet, to exchange contact info, or even as a quick way to pay for bus tickets.