Through the proliferation of credit card-connected smartphone apps and the emergence of cryptocurrencies like Bitcoin, it is less and less necessary for people to carry real money -- a concept this cashless payments startup takes to a new level. DotDashPay uses Internet of Things technology and open source APIs to enable any machine to take payments.
The company offers both hardware and software designed to make the paying process faster and more efficient. Their devices allow businesses to accept cashless payments as well as all other methods, from swiping cards to cloud-based options like PayPal. Using simple code, the software can be added onto any device, including vending machines and arcade games. Therefore, the IoT payment platform is relevant to a wide variety of retail environments.