About
BitSocket is a networked pay-per-use electric socket that can accept Bitcoin. BitSocket can be retrofitted over existing electrical sockets and connects to consumer devices via the cloud over existing cellular networks. BitSocket helps establishments maintain control over their public power sockets while generating revenue through hourly usage tariffs. Moreover, the sockets will collect important power usage data. Due to the expansive reach of cellular networks, BitSocket devices have network viability over a large geographic area. Thus, deployments can be mostly agnostic of location. End users will benefit from an increased availability of public sockets, the convenience of a mobile payment method for socket usage, the ability to avail loyalty programs and the ability to track their usage over time.