A number of companies have already developed and are offering implanted microchips that enable contactless payments. These microchips use NFC (Near-Field Communication) technology, the same used in contactless bank cards and mobile payment systems such as Apple Pay or Google Pay.
Here are some key aspects of contactless payments using microchips:
* How it works: The implanted microchip interacts with the payment terminal using radio waves at a short distance. To make a payment, it is enough to bring a hand with the implanted chip close to the reader on the terminal.
* Security: Manufacturers claim that such implants are safe. Data on the chip is encrypted, and a close distance to the terminal is required for payment, which prevents accidental charges or data theft from a distance. Some implants also do not have their own power source (passive), so they do not emit radio waves until they are in the electromagnetic field of a reader.
* Convenience: The main advantage is convenience – there is no need to carry a wallet, cards, or phone to make payments.
* Service providers: Currently, there are companies that offer such implants, for example, Walletmor. Usually, to use the implant, one must create an account with a partner payment service and fund it. Direct connection to an existing bank account may not always be available.
* Limitations: The technology is still in development, and not all payment terminals may support such transactions, although most modern contactless terminals are theoretically compatible with NFC implants. There are also questions regarding the lifespan of the chips and the need for their replacement.
While the number of people using payment microchips is still small, this technology has the potential to become another way of making contactless payments in the future#USDTfree #UFO #Uniswap’s