Oxford spins-out mobile payment app developer OxCept with backing from US and UK militaries.

Oxford University has spun-out OxCept, a mobile payments app developer, with over £1m ($1.61m) in funding from both the UK and US’ militaries. The developer’s main product, also called OxCept, utilises military-level cryptography tested by the UK’s Ministry of Defence. The app uses technology developed at the University for five years, and has been peer…

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