Rivetz, the Secure Bitcoin Supported Mobile Payment Solution to Be Unveiled At MWC Next Month

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Rivetz, the Secure Bitcoin Supported Mobile Payment Solution to Be Unveiled At MWC Soon

Mobile World Congress (to be held at Barcelona on 2-5 March), the world’s largest annual gathering of mobile and related industry C-Level executives, will be showcasing an easy open-source payment solution that users can use to make secure payments using Bitcoin. The sources say that this technology is usable by any Trustonic-enabled device.

Nonetheless, the MWC is a place that witnesses great happenings in mobile. Moreover, as Mobile World Congress is around the corner the Bitcoin enthusiasts are moving to the location as they can also see all sorts of hardware and software innovations to be presented. The mobile payments on Android device, Rivetz will also be shown at the MWC.

Easy Open-Source Payment Solution for Users

The organizers of the event say that the MWC will be showcasing an easy open-source payment solution that users can use to make secure payments using Bitcoin. Also, as this technology is usable by any Trustonic-enabled device, the users will have a lot of flexibility in terms of selection of the devices that are compatible to it.

People associated with the development of Rivetz claim that is all set to be launched in the second quarter of 2015. They claim that it will enable Android users to pay using their Bitcoin for thousands of merchants. According to them this new technology meets all recent regulations for European payments that use mobile devices.

They assure users that their payments and their Bitcoin will remain safe, private, and secure. Talking to media professionals Tony Gallippi, Co-Founder and Executive Chairman of BitPay said that “Rivetz is delivering state-of-the-art support that will help Bitcoin be a standard, secure capability on every handset.”

Complete Security for Bitcoin Users with Private Keys

Security of Bitcoin has been a major issue; however, there has been great emphasis on this fact at Rivetz as the representative explains that the device uses the Trustonic Trusted Execution Environment or TEE that is built into millions of mobile devices which will provide a secure and trusted space to process and store Bitcoin payments and private keys.

He says it also uses the Trusted User Interface (TUI) to secure PIN entry and display of a person’s transaction information and allows Intercede’s MyTAM cloud service to load the Bitcoin into the TEE so that it is protected from any threats that may be on a user’s mobile device.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com