PayCo is the new solution to real-world payments with cryptocurrency

PayCo is a payment solution interface that allows clients to pay with crypto and the merchant to receive the payment in fiat
11 January 2018   1231

There is a dream for every crypto enthusiast out there – being able to use crypto in daily shopping. But there are always problems with implementation of such payments in everyday life.

Two main hurdles to overcome are volatile exchange rates and vendors' single-minded focus on bitcoin. First of all, even when the shop takes payment in crypto, they risk not having the same exchange rate to convert to fiat to pay off the bills and salaries. The digital currency market is volatile like that, you can gain a lot, but there is a fair chance to miss out equally spectacularly.

And the second problem mainly revolves around Bitcoin being the most popular crypto. Lots of people prefer altcoins, be it for the chance at sudden surge, or for some other benefit, like transaction speed or increased security. So lots of enthusiasts end up locked out from real-world use of their hoarded coins.

But there is a salvation coming in the form of PayCo. They intend to implement an interface between customers and shops, so the latter will be able to receive payments in fiat directly to their bank account, without worrying about exchange rates and whatnot.

There are two options avaliable to merchants. First – the moblie harware interface as an all-in-one solution to the problem, or the second variant - an API to integrate into existing payment system already in place.

Also, the promised killer feature is the support for multiple cryptocurrencies. So now lots of altcoin adopters wouldn't feel left out. And it should eliminate the quite common scenario of $2 order consuming another $5 for transaction fees.

Android BTC Wallets to be Vulnerable to StrandHogg

StrandHogg vulnerability allows to still confidential data; experts believes 500 000 Android apps are vulnerable
04 December 2019   100

The experts of the Norwegian application protection company Promon discovered the StrandHogg vulnerability, which affected all versions of Android and aimed at stealing sensitive data.

Experts warn that the scale of the infection and the size of the damage from the vulnerability may be unprecedented, since it threatens the 500 most popular Android applications.

By displaying a fake version of the login screen, StrandHogg allows malicious applications to steal user credentials.

Confidential information is immediately sent to the attacker, who can use it to log into the system and manage applications on the victim’s smartphone.

Most often, hackers steal data for entering cryptocurrency wallets, but they can also listen to the user through a microphone, read and send text messages, and access personal photos and files on the device.

Despite the fact that Promon researchers provided Google with a report on the StrandHogg vulnerability last summer and the company removed the vulnerable applications, the problem has not been fixed for all versions of Android.