Tide Payments Launches New Smart Payment Card, Dimes

London-based fintech firm, Tide Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, today announced the launch of its latest product, a smart payment card. The Dimes card, as it is called, combines a number of features that aim to give the user greater control over their personal finances. Its novelty lies in how it combines a simple user experience with gamification.

The Dimes card combines a simple user experience with gamification to give the user greater control over their personal finances.

Tide Payments is stationed on Canary Wharf’s Floor 39, Europe’s largest technology accelerator space for fintech firms. The company is focused on building user-friendly financial products by combing a suite of out-of-the-box micro services, including digital wallets, trading platforms, Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term gateways, and cross-platform apps.

At its simplest level, the Dime card links to a user's smart phone, providing a user interface that allows clear oversight of spending and budgeting. By tracking every purchase, the user can monitor how much he or she spends, as well as being able to set spending limits and check budgets.

The Dime card also seeks to nudge the user in the right direction. By including elements of game playing to the experience, known as gamification, the developers claim to aid the avid, and perhaps out-of-control, spender. In this case, users are set challenges and rewarded with Dimes points, which convert into cashback. The user’s phone buzzes to notify that rewards are being collected.

The obvious question is, will the new smart card be simply subsumed by a mass move towards mobile payments?

Supported by MasterCard, the smart card can be used in any store that takes card payments.

In an era where most fintech companies are moving away from traditional payment mediums, such as cash and cards, it is curious that Tide Payments is sticking with the card. Indeed, Apple has popularised mobile payment, recently announcing several feature updates to its Apple Pay product. Rather, the Dimes card is refining a traditional payment experience. The obvious question therefore is, will the new smart card be simply subsumed by a mass move towards mobile payments?