Home Startup Clinkle Has A High Frequency Plan To Push Mobile Payments

Startup Clinkle Has A High Frequency Plan To Push Mobile Payments

Clinkle, an intriguing startup with roots at Stanford, thinks it has a new way replace cash, credit cards and checks, TechCrunch reports in a profile of the company.

The company’s app, which allows simple peer-to-peer electronic payments between just about anyone, apparently works by communicating with other mobile devices, PCs and smart cash registers via high-frequency sound emitted by smartphone speakers.

That approach is intended to let Clinkle make an end-run around established point-of-sale systems, which have presented an entrenched obstacle to competing mobile electronic-payment efforts. The startup just raised $25 million in a first round of venture funding.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest iGaming headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Gambling News

    Explore the latest in online gambling with our curated updates. We cut through the noise to deliver concise, relevant insights, keeping you informed about the ever-changing world of iGaming and its most important trends.

    In-Depth Strategy Guides

    Elevate your game with tailored strategies for sports betting, table games, slots, and poker. Learn how to maximize bonuses, refine your tactics, and boost your chances to beat the house.

    Unbiased Expert Reviews

    Honest and transparent reviews of sportsbooks, casinos and poker rooms crafted through industry expertise and in-depth analysis. Delve into intricacies, get the best bonus deals, and stay ahead with our trustworthy guides.