Primal Technologies announced integration between Bitcoin and Primal Mobile Payment. Bitcoin is digital money used for secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government - instead it is an open network which is managed by its users. Much in the way email improved communication by making it fast and cheap, Bitcoin is an improvement on existing payment methods which were not designed for the internet era.
The Primal Mobile payment system allows wireless subscribers to do mobile payment between friends, family and business with Bitcoin being the record of the transaction, and thus payments are sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Primal is seeing a need in some areas where service providers want to support their customers where a centralized reliable bank is not an option for them.
With Primal Mobile Payment engine, Primal Technologies can enable a variety of capabilities; from simply gathering read-only data, to building something that’s never been done before.
- • Transfer money between wireless users
- • Send and receive Bitcoins from their mobile phone via the internet
- • Buy/sell and send/receive Bitcoin, Bitcoin cash and soon Ethereum
- • Securely store Bitcoin, Bitcoin cash
- • Retrieve real-time or historical price information
- • Receive notifications when payments arrive
- • Accept and request Bitcoin payments as a merchant
Unlike credit card networks like Visa and payment processors like PayPal, Bitcoin is not owned by an individual or company. Bitcoin is the world’s first completely open payment network which anyone with an internet connection can participate in. It was designed to be used on the internet and doesn’t depend on banks or private companies to process transactions.
About Primal Technologies Inc.
Primal Technologies is a leading provider of Converged Prepaid and Value Added Services for mobile, landline and cable operators. Headquartered in Toronto, Canada, with an office in Hong Kong, Primal Technologies offers a broad and feature-rich portfolio of advanced VNF Services for wireless and VoIP operators worldwide. All Primal Services can be deployed on either a customer's private cloud, the public cloud (e.g. Amazon web services, other hosting provider) or on the Primal Technologies cloud with unprecedented scalability and ease of manageability.
Now in its 20th year of operation, Primal continues to push the envelope with integrated or component solutions serving many different types of networks, while reducing costs and simultaneously assisting operators to maintain their competitiveness with a continuing set of new features together with support for VoLTE, IMS and other network architectures.
Customers include: Appalachian Wireless, Atlantic Tele Network (ATN), various Cellular One affiliates, Belize Telemedia, Eastlink, Docomo Pacific, Flat Wireless, iWireless, Limitless Mobile, MTS, NewCore Wireless, and Pulse Mobile (GTA), and Viaero Wireless.