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OTI Develops Bitcoin Capabilities For Vending Machines

Posted On: 12/19/2017

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ROSH PINNA, Israel -- On Track Innovations Ltd. said it is developing bitcoin capabilities for its cashless payment solutions.

Bitcoin usage is growing in the e-payment marketplace, with many establishments accepting online bitcoin transactions.

"At OTI we are working hard and intend to rapidly become bitcoin acceptable in transactions via NFC, Bluetooth or QR code," said OTI chief executive Shlomi Cohen. "We also look forward to integrating bitcoin acceptance in our innovative ATM and secure cashless vending products."

OTI develops and manufactures cashless payment solutions using contactless NFC technology that are deployed around the world.