Tuesday , October 25 2016
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Trendies ready for ultimate wearable: “Chip implanted in their skin used for payments”


It looks like the time when everyone will have microchips under their skin is very close. And not just that!

It looks like many people are willing to accept the implantation of those tiny devices, if that means that chips can replace their wallets and help them to shop easily.

According to Business Insider, a quarter of Australians expressed their interest in embedding the chips under the skin, assuming that they could be used for payments.

This was confirmed by a study conducted by credit card company Visa and the University of Technology Sydney. The results of the study clearly indicated that the Australians are ready to accept this new method of payment, and use it to buy products like wearable tech including smart watches, rings, glasses, and even connected cars. This is the attitude of 25% of Australians, which is a significant portion of the population, especially when we take into account that that number of people interested in accepting chips is constantly growing.

If this trend continues, it wouldn’t be a surprise that the next study shows that the number of interested people reached 60%, even 80 %, and that 25% or 33% of them already became regular users.

Despite the fact that implantable RFID chips made by VeriChip were not very well received, and despite Edward Snowden’s warnings about mass surveillance conducted by the government and private industry, interest in buying smart technology is unbelievably high.

Additionally, it is strange how this increased interest in new technologies happened almost at the same time when the idea about cashless society was born. Banning the cash would force people to use electronic currency and allow banks to collect considerable amounts of deposit fees, transaction fees and fines.

Banks can even now bring interest rates to zero, but the cash is standing in the way of reducing them further below. This is why banks really want to abolish currency.

However, cashless society would have its flaws as well. Electronic currency as the only payment method would raise the question of security and operational risks. In that case, the government would be able to control every single purchase.

Is it possible that forced RFID implants and abolition of cash are inevitable in our future?

Many people will be against it, that is for sure, but at the same time, there will also be many of those who will be impatient to obtain the latest techno gadgets.

All those impatient people, who will pay the unreasonable starting price just to get the new piece of electronic equipment, will contribute to shaping the attitude of the public. The future of dualing formats like BetaMax and VHS, HD DVD or BluRay, or iPhone or Android depends on them.

Introducing RFID chips into everyday life would be a huge change, meaning that the acceptance of the public is very important. The system needs the information about how many people are bothered with privacy issues and the knowledge of being monitored all the time, as well as how ready they are to trade their privacy for new gadgets.

“And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name.…” -Revelation 13:16-17


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