Another NFC killer arrives, invented by Mediatek, Hotknot amazes

There is no clear winner in the cashless, cardless and contactless payments+commerce space. There are some strong contenders but Payment/Commerce/Marketing pundits believe the right solution has yet not come while there is a need for it. Beacons has a lot of potential and should be a front runner along with NFC. But MediaTek, a Taiwan based smartphone chip manufacturer, recently announced that its latest technology helps connect devices wirelessly, with the help of newly invented proximity technology. NFC (Near Field Communication) may be facing another rival in the form of this new inventio ...

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