Radpay Launches Revolutionary New Patent-Pending Technology That Could Redefine Digital Wallet Use

Today we announced the release of SpeedPath?. I'm excited about it for three reasons:

First, it solves a very practical problem. Restaurants (as well as bars, spas, and a variety of upscale retailers) can't easily accept digital wallets. Think of the last restaurant you went to. Now imagine giving the server your Galaxy phone or your Apple Watch. It just doesn't work.

In the US, $863 billion will be spent in 2019 in restaurants. That means digital wallets face $863 billion problem without SpeedPath. It's also a growing problem for restaurants. How many "cash-only" places do you see? With the growth of digital wallets, not accepting them will soon feel like only accepting cash.

SpeedPath connects Radpay's AWS-based cloud service with the merchant's register and your digital wallet. It works as fast and as simple as if you handed over a card. But unlike handing over a card, there's no chance your card data is stolen and there's improved security in the transaction.

It's also a chance for merchants to put more money in their pocket. Radpay's payment solution can improve a restaurant's net margin by up to 200%!

Second, I'm excited because we're coming out of our skunkworks phase. Radpay's been filing patents and building tech and pre-selling customers for a year, and now we're starting to share our story with the world.

I'm really excited about my co-founder, Jared Stauffer. In addition to being a startup junkie and a great business leader, he's a geek and a great dad. Every day, I get to work with him and a small team to disrupt our little piece of the world.

Jared just came back from Seattle. Given he towers over me, the Trufflecon wall at Microsoft's office in Seattle has to be like 15 feet high.

Third, I'm excited because SpeedPath is one of Radpay's novel inventions. Radpay’s recent patent filing titled ‘A Blockchain-based Secure Payment System’ laid out 26 novel claims. SpeedPath is one of those claims.

That's exciting to me because we're working to make a dent in a $32 trillion global industry. It's fun to look at what has been working and reimagine it.

So, come meet SpeedPath. Come meet Radpay. Come meet the future of rewards and payments.

About Dana Love: I am currently the CEO and a founder of Radpay, and have been the cryptoeconomic advisor to two IEOs: eLocations and Intellos. First involved in blockchain work in 2011, I hold a PhD in economics (The University of Glasgow, highest honors), an MBA in marketing (Harvard Business School, Baker Scholar), and a BS in physics (University of Richmond, Phi Beta Kappa). Since I started coding as a youth in MORTRAN and ALGOL68G, I have co-founded five businesses with four successful exits, including Cisco Capital-backed Metacloud and Warburg Pincus-backed Radnet, and have led divisions of public companies including GTE (now Verizon), Prosodie Interactive (now CapGemini) and ADC. My research is in public policy, most recently the impact of blockchain and big data on emerging economies. Some of my past efforts include building the first cloud-based ERP system (in the mid-90s), development of the first carrier-grade VoIP and unified communications platforms in the world (at GTE, now Verizon), and early work in big data systems (as an Oracle partner.) My work in big data, machine learning, blockchain, and VoIP has been written about in Wired, Oracle’s Profit Magazine, the Financial Times, and Telephony Magazine.