May 17th, 2013
Betting on Bitcoin: Gliph uses its anonymous transaction technology to tap into the Bitcoin market
Portland startup and Portland Seed Fund alum Gliph has been an interesting and compelling cloaking device that’s been searching for just the right application of their technology. And they just found it: the nebulous and still relatively nascent world of Bitcoin.
Not familiar with Bitcoin? it’s an open source virtual currency.
Bitcoin uses peer-to-peer technology to operate with no central authority; managing transactions and the issuing of bitcoins is carried out collectively by the network. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment systems.
So what’s Gliph doing? Well they provide a way for users to obfuscate their identities, which allow two people to transact without knowing one another. In fact, it’s about as close to complete anonymity as one can get. And it’s perfect for Bitcoin.
According to Pando Daily:
Bitcoin’s potential for anonymous money transfer was the perfect use case for Gliph’s technology. Banagale set to work building an anonymous social layer on top of a bitcoin payment transfer system. The result launches today.
The first version of Gliph’s product is available on iOS and Android. It uses Coinbase and a secure messaging platform to facilitate seamless bitcoin payments and messaging. By combining both messaging and transfers, users no longer have to discuss payments in one platform and move to another for users to message and transfer separately.
For more information or to download the app, visit Gliph.
(Image courtesy Zach Copley. Used under Creative Commons.)