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New nio Card Uses NFC


In the United Kingdom, a new startup company is trying to come up with the first Bitcoin smartcard. Bluenio has started a Kickstarter campaign to help it fund the nio Card.

The company’s nio Card has a lot of functions. For one, it uses near-field communication technology to help you transfer Bitcoins. It also acts as a Bitcoin wallet. But more importantly, it is a security chain that helps you keep your smartphone or wallet safe.

As a Bitcoin transfer tool, the nio Card gives you one tap convenience. It makes it simple and easy to pay with Bitcoins. Bitcoins might be very popular now, but it is quite troublesome to pay with them. Right now, to pay with Bitcoins, you will need to scan a QR code, validate the payment, and then input your private code keys. With nio Card, you just tap and it will provide everything else.

The concept is nothing new. In fact, Android users have already used mobile apps to use their phone’s near-field communication chip to pay with Bitcoins. But not all Android phones have NFC in them. More significantly, Apple’s flagship products, the iPhone and the iPad, also do not have NFC! nio Card is a way to make sure that even those devices without NFC can still be used for easy Bitcoin payments.

There are plans to make the nio Card available for other payment services such as replacing debit and credit cards and even cash. More than that, the company is also thinking of other applications for nio Card. For example, in the future, you can use nio Card for keyless entry to your car or house. You can also use the nio Card to keep track of fitness activities.

If you want to own a nio Card, you will have to wait until March when it comes out. It will also be a little bit on the expensive side, with retail prices pegged at $98.

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