Nucleus Vision unveiled nCash Pay on Wednesday, a merchant-focused payment platform that lets online businesses accept transactions in the company's native nCash token. The system connects to existing
Nucleus Vision unveiled nCash Pay on Wednesday, a merchant-focused payment platform that lets online businesses accept transactions in the company's native nCash token. The system connects to existing e-commerce infrastructure through an API and works with any ERC20-compatible wallet.
Abhishek Pitti, the company's founder and CEO, explained the reasoning behind the launch. "The demand for transactions in token has grown substantially. We are confident that nCash Pay will pave the way for future of business transactions and provide an uncompromised solution to our merchant-partners," Pitti said.
The company started in 2014 as a Harvard Business School project. It built a three-part system to merge offline retail with blockchain. Orbit functions as a data warehouse and authorization layer for customer information and token transfers. The ION Sensor, developed in-house, detects shoppers within 200 meters and records metrics like temperature, pressure, motion, acceleration and sound. Neuron applies machine learning to build customer profiles from real-time data.
Nucleus Vision has installed ION Sensors at ten retail locations in India. The company is expanding through strategic partnerships. In August, Nucleus Vision signed a partnership with Tech Mahindra, an Indian software firm. Tech Mahindra entered blockchain through this deal, and Nucleus Vision started its global expansion. In December, the startup announced a partnership with ZOYI Corporation, a South Korean retail software company, to offer personalized shopping powered by data analytics, machine learning and artificial intelligence.
Nucleus Vision operates a 40-person team split between San Francisco and India. Tim Draper and IndusAge Partners back the company. A token sale this year brought in $40 million from crypto-focused funds including Alphabit Digital Currency Fund, FBG Capital, Kenetic Capital, Turiya Ventures and BlockAsset.
The company plans to deepen utility in nCash as the broader ecosystem develops.
