Introducing Proxi
The next step in the evolution of mobile payments is introducing it into situations where it’s actual relevant. Concentrating on doing things with your phone, that a plastic card could never do.
Whether that be a tapping or swiping action, we feel the real measure is proximity.
How close are you to the person or thing that YOU want to pay. At the end of a day, a tap or a swipe ties you to a location and an authorization for a payment.
The new tech will allow users to convert their Dwolla enabled devices into movable Spots to seamlessly take payments without additional hardware, like NFC or dongles. We feel this is an essential part of creating software solutions to hardware problems.
At Dwolla, we continue to look at relationships that drive our payment network and we believe as strongly as you do there are more to payments than just a transaction.
Proxi is built on this very relationship. We should all be able to pay one another for whatever we want, based on the proximity we share to one another:
From our friend Keri, this is how it works:
Here is how it works in real life: