Payscout was in Washington, D.C. last week for a series of meetings with the Congressional Caucus on Virtual, Augmented, and Mixed Reality Technologies, in which the global payment processing provider demonstrated the world's first VR Commerce solution.
Payscout CEO & Co-Founder Cleveland Brown, COO Juan Sotelo, and Communications and Content Strategist George Smith were on Capitol Hill last week demonstrating their patent-pending Virtual Reality (VR) Commerce solution in the offices of Rep. Yvette Clarke (D-N.Y.), Rep. Suzan DelBene (D-Wash.), Rep. Bill Flores (R-Texas), Rep. Darrell Issa (R-Calif.), and Rep. Ted Lieu (D-Calif.), co-chairs of the Congressional Caucus on Virtual, Augumented, and Mixed Reality Technologies (commonly referred to as the "Reality Caucus").
Payscout's meetings with Reality Caucus Co-Chairs were mentioned by Politico in the outlet's Morning Tech tipsheet.
According to the press release that accompanied the announcement of the Reality Caucus formation, the group was formed:
"...to foster information sharing between Congress and our nation’s world-leading technology industry. These technologies have shown tremendous potential for innovation in the fields of entertainment, education and healthcare. As these technologies develop, questions will inevitably rise in privacy, intellectual property and other areas. This is an opportunity to educate our colleagues and others to ensure Congress is doing all it can to encourage – rather than hinder – these enterprising fields. We look forward to working with our colleagues on both sides of the aisle to help support innovation and address the challenges posed by this emerging sector.”
Payscout is a culture built on innovation, education, and the entrepreneurial spirit, so it is fitting the Reality Caucus would an engage a pioneer in VR Commerce such as Payscout.
Payscout's patent-pending VR Commerce solution, the first in the world of its kind, enables frictionless payments in VR experiences powered by Visa Checkout. The application was announced at Money20/20 in Copenhagen, Denmark, and marks the first time that consumers can shop and purchase physical products within an immersive VR experience — and have those products delivered to their homes.
The Reality Caucus will continue to engage Payscout in an effort to advance their educational efforts.