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February 26, 2019

Digital Cash to launch non-internet digital payment device

Digital Cash has announced plans to introduce a non-internet digital payment device, which it claims can be used by anyone including the visually impaired.

Called Digital Wallet, the device will facilitate instant payments and incorporate a blind-friendly design.

It will also have the ability to listen to operational commands in audio format in languages chosen by the user.

The device utilises System on Chip (SoC), Digital Wallet Operating System (DWOS), Unique Embedded Text Script (UETS), Biometric User Management System (BUMS) and Unique Payment Processing Software (UPPS) application.

Fingerprint-based BUMS will address security concerns in the event of the device’s theft, Digital Cash said.

Digital Wallet is said to be a multi-language and currency-specific product and aims to support 180 legal tender currencies.

The new offering is patent pending in 152 countries.

Digital Cash chairman Raj Tore said: “The Digital Wallets will help eliminate or minimise the need for printing of currency notes, minting of coins, ATMs, and mobile Internet-based phone payment options, and also end worldwide counterfeit currencies.”

The company intends to first trial the project in a country having a population of nearly 100 thousand.

It aims to pursue an IPO after the trial to secure financial assistance for expansion across the globe.

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