New microchip implant lets you pay with a swipe of your hand

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Title : New microchip implant lets you pay with a swipe of your hand
Link : New microchip implant lets you pay with a swipe of your hand

The future is here. Those tired of taking out their wallet or phone to pay for things could soon skip that step entirely, thanks to a new implantable payment chip.

The British-Polish company Walletmor has created a microchip that can be implanted inside a person’s hand and used as one would tap a credit card for payment. The technology is only currently allowed to be sold in the European Union and the U.K.

“The implant can be used to pay for a drink on the beach in Rio, a coffee in New York, a haircut in Paris – or at your local grocery store,” founder and chief executive Wojtek Paprota told the BBC. “It can be used wherever contactless payments are accepted.”

The company said it’s the first to sell these kinds of chips to willing customers, unleashing its biopolymer technology about the size of a small safety pin on the world last year. The cost is around $300. (Read More)