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They create a microchip that is implanted under the skin and that aims to allow people to make their electronic payments with just the use of their hand.
Currently it has been possible for topics such as artificial intelligence, augmented reality and/or the metaverse to become a reality.
This innovative implant uses the NFC technology system that is currently integrated into all mid-range cell phones.
A microchip to make electronic payments has been developed by a companyalthough there is a small problem: the privacy of people.
Without a doubt, the advancement of technology is constant and, in that sense, we are experiencing a very important panorama, mainly since the arrival of the pandemic, which has forced us to create new habits.
And it is that, the Covid-19 and its inevitable confinement at a global level, has been the precursor for people, many of them, to create new consumption habits, with eCommerce being the trend that grew during this period of confinement.
Given this, coupled with the evolution of technology, it has now been possible for topics such as artificial intelligence, augmented reality and/or the metaverse to become true realities in a world that is also increasingly connected to the net.
In fact, this is confirmed by the report prepared by We Are Social and Hootsuite, Digital 2022which reveals that, at the end of 2021, there were already nearly five billion users connected to the internet and, consequently, to social networks.
Of course, the fact that this growth has occurred is largely due to the arrival of the pandemic, a period that catapulted or boosted digital trends like never before.
Looking to the future, especially the post-pandemic future, it is clear that the use of technology will be one of the main resources for countless industries, which will exponentially benefit the economy of millions of individuals, brands, institutions and even agencies. .
Create microchip to make electronic payments
Today, and since Covid-19 appeared in people’s daily lives, the trend is to talk about microchips implanted in the human body.
Starting from this, A company called Walletmor has developed a microchip that will allow people to make electronic payments just by using their hand.
According to information published on some portals, this innovative implant uses the NFC technology system, which is near-field communication between contactless devices, and which is currently integrated into all mid-range cell phones.
“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 the local grocery store. It can be used anywhere contactless payments are accepted.”explained Wojtek Paprota, founder and CEO of Walletmor.
However, although it is an important technological advance at a time when online purchases have skyrocketed, There is an issue that is of great concern, since it has to do with people’s privacy.
And it is that this type of implants store information about us and even record some of the actions we carry out. Let us also remember that we live in a hyper-connected era and data protection is one of the main demands made by Internet users.
There are several cases in which mobile devices are hacked and, for this reason, the information stored in them is practically available to any user. In some way, it can be said that the cell phone is a chip with which we carry every day, through which we can be tracked at all times.
However, it should be noted that, in general, these types of chips do not store as much information about the user and, in that sense, they do not represent a risk to people’s privacy; however, for the future it is not known how sophisticated these tools can be made.
China and its own payment system with the use of AI
A few months ago, in China the “Smile-to-play” system was unveiledwhich consists of the use of Artificial Intelligence and facial recognition as part of a technology that is becoming increasingly relevant, especially since the appearance of Covid-19.
“Smile-to-pay” is focused on the fact that people only have to smile at a screen to be automatically charged; it is about paying with “selfies”, a model that is becoming a popular payment method and, even, it is expected to be in common use by 2025.
It should be noted that this “Smile-to-pay” emerged in 2017 and by the end of 2018 it had already expanded to more than 300 different locations. The technology was developed by Alipay, a subsidiary of Chinese e-commerce giant Alibaba.