This article was first published on Blog – Civic Technologies, Inc.
Bringing Identity, Payment, and Reward Solutions to the Civic Network and Creating New Opportunities for the Automated Retail Market
Today, Civic announced an expansion of the Civic Network. The soon-to-be-released Civic Pay app will enable partners to combine identity verification, payment, and rewards into a single transaction. The first Civic Pay partners are at the forefront of the automated retail industry. AAEON, AR Systems, Fastcorp Vending, Global Vending Group, greenbox Robotics, Invenda, IVM, IVS, Retail Automated Concepts, SandenVendo, The-Venders, and Wemp will bring blockchain-powered innovation to the industry with simple access to age-gated products, an improved user experience, and personalized rewards.
By integrating the Civic Pay app with automated retail solutions and smart vending machines, these partners will introduce the first real-world, Civic Pay use cases, where people can prove identity and pay for a product in a single transaction. Together, these companies represent over one million connected vending machines. Combining identity with payment will further advance Civic partners’ automated retail solutions and expand vending opportunities for a growing market. Currently, there are over 3 million connected vending machines globally, a number expected to grow to 5.4 million by 2022.
The Civic Network expansion marks a big step towards Civic’s larger vision: to give everyone a digital identity that they own and control. Most transactions require some form of identity verification and building identity verification into payment functionality simplifies that process. Vending machines make digital identity accessible and give people the ability to experience new technology. In addition, with the Civic Pay app, once users are verified, they are able to use the same verification over and over again, furthering streamlining the identity and payment process.
“The first step in making digital identity attainable is making it accessible for the everyday consumer,” said Vinny Lingham, Civic CEO and Co-founder. ...
To keep reading, please go to the original article at:
Blog – Civic Technologies, Inc.