Pinn wins top prize in the retail category at Plug and Play demobr>
Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet.
“Essentially, bitcoin eliminates dealing with international transactions, because it’s a global currency. In an international environment, bitcoin creates a more frictionless payment process, you don’t have to deal with conversion,” Pinn CEO Will Summerlin.
Pinn leverages proximity technologies, including Apple’s Bluetooth Low Energy (BLE) point-of-sale technology, iBeacon, to reduce the payment process to one action. Customers who have the app pay for items by entering a four-digit code on one of Pinn’s merchant Android POS tablets.
Pinn is a retail payment and authentication platform.