Walletmor has a complex solution to the simple NFC payment problem: implant a microchip the size of a grain of rice in your hand.
Of course, you could perform this action with a smartphone or an e-wallet card, so what would motivate someone to use such an implant?
Some people think there is a convenience factor. If payment terminals have the NFC receiver in the right place, paying could be as easy as holding the device in your hand.
The same NFC implant could also unlock your phone, computer, and other devices. The industry calls this “safety by proximity,” and it could be one of several layers of security.
Such an implant could contain all sorts of information, such as identity or medical data, and payment is just one of many possible uses.
However, it remains to be seen how many people will opt for this technology. The company says it only takes 15 minutes to insert the implant (under local anesthetic) and the total healing time is around four weeks.
At the moment I don’t find the value proposition compelling enough, but perhaps health or safety use cases could prove more compelling to entice potential users. would you do it
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