MOVO, a US-based mobile payments platform and app, has announced the issuance of US patent no. 10,127,528.
In addition, the company announced the allowance of a Canadian counterpart expected to issue as Canadian Patent No. 2,934,603 in the short term.
Introducing real-time payment card technology to the traditional payments industry, MOVO’s HYPERBIN® enables the issuance of payment cards. MOVO can be used for peer-to-peer transactions, such as, business-to-business, business-to-consumer, and consumer-to-consumer.
MOVO can be used for ecommerce or in-store using Apple Pay, Google Pay, Samsung Pay or a physical card. Using proprietary interoperability technology, users can load RTPC with fiat or cryptocurrency onto the MOVO platform for purchases or bank to bank-electronic funds transfers.
Source: The Paypers