Australia’s most popular television channel is to offer an app that allows users to use smart contracts to make online purchases.
The new Starz app, which will be available for iOS and Android, lets users create a purchase, submit it and then have the funds transferred to their bank account instantly.
The app also lets users pay with an online credit card and pay with a debit card to receive a discount.
The app will be launched on Android and iOS in Australia on Thursday.
Starz CEO Michael Green said the app would be a “game changer” for consumers who wanted to make purchases from home or on their mobile phone.
“When you buy a product online, you know exactly where it’s going to be delivered, and you can make the most of the information you already have,” he said.
Starz has launched a number of other smart contract apps in recent months including a popular payment gateway called PayPal and a pay per view television service called Starz Live.
Green said the launch of the Starz Pay app was about giving consumers the ability to make smart payments with their phone.
“We’re really excited to see the first-of-its-kind apps come to Australia, and we look forward to working with the community to make this a reality,” he told the ABC.
He said the Starza app would let users use their smart contract to make payments to retailers in a range of industries.
One of the biggest questions is how long will smart contracts be a part of the financial system?
“The reality is that you won’t be able to buy a car, buy a house, buy your own home, buy shares of stock or even access to your bank account until the financial sector catches up,” Green said.
It’s about time that we really look at how the financial industry interacts with its customers and how they can use the technology to provide more value for them.”