DeviceFidelity and Visa collaborated to combine Visa's contactless payment technology, Visa payWave, and In2Pay technology to transform a mobilephonewith a microSD memory slot into a mobile contactless payment device.
Not all bitcoin transactions require a standard computer and if the mobilepayment prognosticators are correct, the mobilephone equipped with applications like Bitcoin Android could end up originating the majority of bitcoin transactions.
The 50-person startup launched in June last year and says it has over 1, 000 direct mobilepayment partners and works with major phone carriers worldwide.
The online payment service providers and the mobilephone manufacturers (particularly nowadays with smartphones where it is a software-driven market) seem genetically indisposed to interoperability among their services: they are used to working in markets where relentless competition and one-upmanship is what moves the industry forward.
It seems as if it's about ready to take off, and Apple has been notoriously late to the party on many other standards (see LTE, above), but with so many iPhones in circulation this could hurt the adoption rate, just as mobilephonepayment systems are getting ready for prime time.