Students develop contactless tipping system for buskers (Fintech News Today)

The students in Brunel University London, have developed a contactless tipping system. All you need to do is to just touch it with your smartphone and with the help of the application; you will be able to send the tip. You will be able to easily input the amount which you want to tip before using your smartphone.

Past precedents:

When you look at some of the past precedents, you can realize this technology is not entirely unheard of. ING is also rolling out charity donation boxes which are contactless in nature. As a result, you will be able to control it quite easily without a lot of effort. The main aim of this move is to create a cashless society. With the help of digital transactions, you can donate easily as well.

The application is developed by Emma McBride. The application ensures that tipping is easily made possible. Moreover, you will be able to manage your spendings quite easily as well. In addition to that, the staff can manage the tips which they have got. In addition to that, it is possible to share promotional content with the help of the application as well which will ensure that there is dual use of the application.

With the help of the TipTap system which is designed, it will be much easier for the performance to know how much they have been tipped as well. Also, it can be used to buy street performers as well as staff in any other establishment as well. Thus, the usability is immense. Also, it is very versatile.

Another advantage is that you will be able to tip with complete privacy. As a result, if you want to tip a higher amount, that is possible as well. Only the person to whom you are sending that it will be able to know about it. Anyone other than that particular person will not know. As a result, you will be able to tip in complete privacy as well.

The student believes that this can actually turn into a proper business idea. Such a wireless tipping system will ensure that the tipping industry is entirely changed as well. This is one of the main advantages of tipping. Only once you are able to look into the advantages of the tipping system, you will realize why it is much better as compared to some of the other alternatives which are currently available for tipping. The idea is surely a revolutionary but it remains to be seen what the rate of adoption is by the various establishments. Only when it is on the higher side, the idea will be a success. Keyword: contactless tipping system, tipping system, ING

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.