# Bitcoin Payment Chips 'Flip' Facilitates Contactless Cryptocurrency Payments By Laura McQuarrie | Published 2018-03-09 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/cryptocurrency-payments References: [psfk](https://www.psfk.com/2018/03/small-chip-makes-easier-spend-bitcoin-irl.html) & [fliptopay](https://www.fliptopay.com/) Fit Pay Inc. launched 'Flip' as a tangible device for helping the average person make [cryptocurrency payments](https://www.trendhunter.com/trends/pay-with-crypto) with bitcoin. To use bitcoins as a method of payment, one must ordinarily open a mobile or online bitcoin wallet—but Flip is a contactless payment device that includes a digital wallet, making the experience of paying for goods with [Bitcoin](https://www.trendhunter.com/trends/cryptocompatible-investment-app) like tapping a secure credit card. Flip currently works anywhere where [contactless payments](https://www.trendhunter.com/trends/cryptocurrency-payment-acceptance) are accepted, meaning that it can easily be integrated into a merchant's existing systems. As Fit Pay Inc. describes: "Flip exchanges your cryptocurrency value into US dollars, which are then used to fund a prepaid-payment device." In the future, Fit Pay Inc. plans to make it possible for Flip to be purchased with Bitcoin. ## Trend Insights (Trend Hunter) - Score: 4.7/10 - Popularity: 51% | Activity: 81% | Freshness: 8% - Audience gender: 70% men, 30% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Retail](https://www.trendhunter.com/retail) ## Key Themes ### Why This Trend Is Growing - **Contactless Cryptocurrency Payments:** The Flip device enables contactless payments with bitcoin, disrupting traditional payment methods. - **Integration of Cryptocurrency Into Existing Systems:** With Flip, cryptocurrency can be seamlessly integrated into a merchant's contactless payment systems, creating new opportunities for businesses. - **Prepaid-payment Devices for Cryptocurrency:** Flip's ability to convert cryptocurrency into US dollars and fund a prepaid-payment device opens up new possibilities for secure and convenient payments. ### Industries Being Reshaped - **Fintech:** The contactless cryptocurrency payment trend provides opportunities for fintech companies to develop innovative solutions for secure and seamless transactions. - **Retail:** By integrating cryptocurrency payments into their contactless payment systems using Flip, retailers can attract tech-savvy customers and stay ahead of the curve. - **Payment Processing:** The emergence of prepaid-payment devices for cryptocurrency, like Flip, presents new opportunities for payment processors to offer advanced and secure payment solutions. ## Related on Trend Hunter - [Cryptocurrency Fast Food Payments](https://www.trendhunter.com/trends/flexa-platform.md) - [E Ink Crypto Wallets](https://www.trendhunter.com/trends/ledger-flex.md) - [Contactless Payment Accepting Tools](https://www.trendhunter.com/trends/tap-to-pay.md) - [Tap-to-Pay Smartphone Services](https://www.trendhunter.com/trends/apple-tap-to-pay.md) - [Pocket-Sized Digital Multitools](https://www.trendhunter.com/trends/flipper-zero.md) - [Payment-Friendly Crypto Wallets](https://www.trendhunter.com/trends/secux-shield-bio.md) - [Crypto-Gifting Payment Apps](https://www.trendhunter.com/trends/cryptogifting-payment-app.md) - [Beer Bitcoin Payments](https://www.trendhunter.com/trends/pubinno.md) - [Contactless Merchant Payments](https://www.trendhunter.com/trends/paypal-2.md)