May 26, 2015
Research into wearable technology has revealed many Australians would be interested in having a chip implanted in their skin to allow them to literally make purchases with a wave of their hand.
Visa has revealed 25 percent of Australians surveyed were “slightly interested” in having a commerce-oriented chip implanted in their body, The Australian has reported.
The technology for a subcutaneous chip already exists, created by US firm VeriChip more than a decade ago.
The chip consists of a tiny antenna and an identification number, designed to be implanted between the thumb and index finger and detected by a radio frequency identification scanner.
Unfortunately, some past research has linked the chips to cancers in laboratory animals.
Visa’s head of emerging products and innovation George Lawson told the newspaper Australians were known for being adventurous with technology.
“Australians are among the world’s earliest adopters of new technology,” he said.
The company has announced a partnership with the University of Technology Sydney to explore the future of wearable technology, with 32 percent of those surveyed keen to pay with a smart watch, 29 percent with a smart ring and 26 percent with smart glasses.
Research firm UMR conducted the survey on 1000 Australians.
© ninemsn 2015
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