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I have so many questions after reading this. What is this “sticker” that they provide for PoS integration? > The six-year-old startup earns revenue by charging
by ricardobeat 7y ago
I have so many questions after reading this. What is this “sticker” that they provide for PoS integration?
> The six-year-old startup earns revenue by charging a license fee for its product from payment instrument issuers. From merchants, it charges a fee on every transaction. The firm is currently at a pre-revenue stage.
So... do they have any revenue or not? I’ll take it as a no.
> over 3,20,00 merchants across the country have adopted the ToneTag technology
Okay.
The technology is pretty interesting. Many years ago I wrote a JS implementation for Chirp which used a similar audio protocol. For payments especially, though, it seems dead on the water: there is no user experience advantage at all over NFC, Bluetooth (and now UWB), and even a $10 phone has Bluetooth these days.