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Silicon Valley startup Zoosh has reportedly developed a way to enable wireless transactions on smartphones through inaudible, ultrasonic sounds, instead of the impending Near-Field Communication (NFC ) technology. Zoosh says it can upgrade checkout terminals for a fraction of the cost compared to NFC ($30 instead of $100-$850).
U.S. Digital Gaming appointed entertainment exec Jon Richmond as CEO, showing that the high-profile casino-backed organization thinks the wildly profitable world of online gambling will become legal. While several states have mulled online gambling for their own residents, called "intrastate gambling," none have been ratified. "This is a matter of being in position when legalization occurs," U.S. Digital Gaming founder Richard Bronson said. "If they never legalize poker online then we've made a bad bet."
Sources: TechCrunch, The Wall Street Journal
[Image: Flickr user Banketaro ]