6. Near Field Communication (NFC) to see who uses Travelflex around you.
(These functions can be switched on and off in privacy settings).
Hi!
I was a bit confused by this. Isn't NFC tech restricted to just a few cm range and made specifically for mobile payments?
https://en.wikipedia.org/wiki/Near-field_communicationHow can I use that to notice Travelflex users around me when it's such a short range?
EDIT:
A few more questions.
2) Will there be a wallet solution for the coins? If yes, when is it planned?
3) How will payment with cheques work?
a) How does the payment recipient get access to the funds?
b) Will he get access to TRF coins to convert himself on exchange or is this done automatically with fiat sent to his account?
c) If he needs your pin code to get access, is that not a security risk? ie sharing your pin code with each person you buy from.
d) What kind of fees can be expected? Why would they be lower with this system than with normal credit cards?
4) How will payment with credit card work?
a) Is your TRF coins automatically exchanged for fiat and sent to the account? Same for ATMs?
b) As far as I understand, this is an additional service atop of the main cheque system, am I right?
c) Will the fees on the card be the same as normal credit cards?
5) Do you have any indications on which exhanges you will be listed on?
Sorry for all the questions, but I couldn't find this info in the whitepaper.
Cheers