Today security tech company Giesecke+Devrient (G+D) unveiled G+D Filia Unplugged, its offline payment solution. On the face of it, one of the most appealing features of the tokenized payment solution is it works with existing payment systems, mobile money services and future commercial bank tokenized deposit systems.
Hence, if there’s a telecoms outage, a poor internet signal or weak infrastructure, offline payments help to fill the gap.
However, understanding how it works, reveals that it’s essentially a separate payment system.
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