Orissa, India -- (SBWIRE) -- 08/13/2014 -- NuovoCard International, which recently ground breaking Bitcoin Point of Sale (POS) solution to trade, buy and sell using a debit card has now announced a hacking challenge where they are offering $3000 to a successful hacker.
The challenge will be live from 15th of August and will last until 20th September. The contest has been divided into two sub challenges. The first challenge is where the hacker must find the IP address to the primary server. People will get 5 days to complete this challenge and if they are not successful, Nuovocard International will disclose the IP themselves. The second challenge will commence from this point on where the Hackers will have to hack the actual server. If they are successful, they will get a reward of $3000 in total from both the challenges.
Nuovocard International will be launching Bitcoin Debit Card and Point of Sale App for Android and IOS phones in the end of September, 2014. The Nuovocard framework is also scalable not limiting itself to Bitcoins , but it will also accept transactions in many other popular digital currencies like LiteCoin, DarkCoin, etc successively. NuovoCard International, alongside it’s many pioneering features has dangled another carrot to it’s prospective retailers in the form of a transaction fee of a mere 0.5%.
According to Neha Arora, the founder of NuovoCard,the cause for a low transaction fee is, “The team hopes the NuovoCard will redefine in-store payments and by extension of the expanse of digital currencies like the Bitcoin, making it the most preferred and foremost way to transact the world over. The Sales division too is working passionately on a two-point agenda of increasing the adoption of digital currencies and ensuring complete retailer satisfaction. For this, our launch strategy has some very interesting offers benefiting retailers choosing to partner with NuovoCard.”
The complete platform has been designed using the Gmail API’s which was recently launched by Google. The users wont have to sign in to view their balance or to withdraw their funds. They will be able to perform all their queries using their emails without the hassle of another login. The system has been designed to ensure that no user funds can be spent without the One Time Passwords which the users can pre-generate or it will be generated instantly upon usage. The OTP’s will also be emailed to the users primary account for security.
Moreover, the merchants will be able to enjoy instant conversion into their local currency using their local bitcoin exchange upon accepting a payment at their store.
The NuovoCard app for retailers will be available upon launch at the Google/Apple store or their website. The users will be able to initially signup and receive an email containing a printable QR-card to transact for free till they order and receive the magnetic card. The signup process is also anonymous for cardholders, keeping true to essence of digital currencies.
About Nuovocard International
Nuovocard International provides a Bitcoin Debit Card and a Bitcoin Point of Sale system for Instant In-store Bitcoin Payments globally.
Contact: info@nuovocard.com
Website: http://www.nuovocard.com