The nTrust System Aims to Free Consumers' and Businesses' Money

By: Rahul Kalvapalle - Jun 16, 2015
References: ntrust & straight
Vancouver-based startup nTrust's new Cloud Money payment system aims to make payments easier than ever for both consumers and businesses. The app features a home screen that displays the avatars of your favorite restaurants, bars, etc. If you want to make a payment to an establishment, simply drag your own avatar to theirs.

While typical payment apps require you to choose an amount before choosing people, this app works the other way round and is more intuitive. The incorporation of Bluetooth Low Energy enables you to see nearby businesses on the platform for added convenience.

At present, nTrust's target market includes small businesses such as small cafes, bars and restaurants. The app allows you to exchange money between six different currencies -- those of the U.S., Canada, U.K., European Union, Australia and Philippines -- making it well-poised for international expansion.