Implantable payment chips are here -- enabling users to pay for things with a wave of their hand. Is this the wave of the future, or merely a flash in the pan?
There are approximately 17 billion bank cards in current circulation, helping shuttle unthinkable quantities of capital around the world on a daily basis, with little more effort required from customers than a simple swipe or the tap of a payment terminal.
“I thought, ‘Oh my gosh, that’s amazing,’” he said. “There are already things like that on the market, but I’d never seen it done with payments.” Building a prototype Not that there wasn’t a fair degree of experimentation in the path to reach this point. Once Paprota had his initial idea, he turned to Amal Graafstra, a person who had carried out some work in this field, to help him realize the dream. Walletmor’s website describes Graafstra, now the company’s Chief Technology Officer, as the “most respectable person in the smart implants space.” But Paprota nonetheless had his concerns.
The device works using near-field communication technology, the same contactless payment system that’s used in smartphones for the likes of Apple Pay.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How new digital payment trends are driving innovation in ecommerceInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Montana Story: Haley Lu Richardson on the gripping new drama | Digital TrendsHaley Lu Richardson talks to Digital Trends about what it was like making Montana Story and getting into her character's emotionally dark headspace.
Read more »
The Lincoln Lawyer's Becki Newton on why she loves playing bold characters | Digital TrendsActress Becki Newton spoke with Digital Trends on her role in The Lincoln Lawyer, and why she loves bold characters.
Read more »
Rookie Luis Barrera hits walk-off homer, first career blast lifts A’s to stunning comeback winBarrera’s first career home run couldn’t have come at a better time for the A’s.
Read more »
Call of Duty's Godzilla vs. Kong event doesn't match the hype | Digital TrendsWarzone's latest Operation Monarch event was a step in the right direction, but misleading marketing made it a disappointing experience.
Read more »
CBS orders a True Lies TV series for midseason 2023 premiere | Digital TrendsMcG is producing a True Lies series starring Steve Howey and Ginger Gonzaga in the roles first played by Arnold Schwarzenegger and Jamie Lee Curtis.
Read more »