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With Microchip Implants you can pay by hand

Amsterdam — Patrick Paumen makes a fuss every time you pay something at a store or restaurant.

This is because a 37 year old child does not have to use a bank card or mobile phone to pay. Instead, he simply places his left hand near a contactless card reader and payments are made.

“The reaction I get from the cashier is valuable!” Says Paumen, a Dutch security guard.

In 2019, a contactless payment microchip was injected under his skin, allowing him to pay by hand.

“The procedure is as painful as when someone pinches your skin,” says Paumen.

Microchips were first transplanted to humans in 1998, but the technology has only been commercially available in the last decade.

And when it comes to embedded payment chips, Walletmor, a UK and Polish company, said it was the first company to sell them last year.

“Implants can be used for drinks on the beach in Rio, coffee in New York, haircuts in Paris, or payments at local grocery stores,” said Wojtek Paprota, founder and chief executive officer. increase. “You can use it wherever contactless payment is available.”

The Walletmor chip weighs less than a gram and is slightly larger than a grain of rice, consisting of a small microchip and an antenna wrapped in a biopolymer, a natural material similar to plastic.

Paprota adds that it is completely safe, has regulatory approval, functions immediately after transplantation, and is firmly anchored. It also doesn’t require a battery or other power source. According to the company, it currently sells more than 500 chips.

The technology used by Walletmor is Near Field Communication or NFC, a contactless payment system for smartphones. Other payment implants are based on RFID (Radio-Frequency Identification). This is a similar technology commonly found in physical contactless debit and credit cards.

For many of us, the idea of ​​transplanting such a chip into our body is horrifying, but in a 2021 survey of more than 4,000 people across the UK and the European Union, 51% said it. I found out to consider.

However, without showing percentage figures, the report added that “invasiveness and security issues remain a major concern” for respondents.

Paumen says there are no such concerns.

“Chip implants contain the same kind of technology that people use on a daily basis,” he says.

“Reading distance is limited by a small antenna coil inside the implant. The implant must be in a compatible RFID field. [or NFC] reader. Implants can only be read if there is a magnetic bond between the reader and the transponder. “

He added that he was not worried that his whereabouts could be tracked.

“RFID chips are used by pets to identify them when they are lost,” he says. “But you can’t find them using RFID chip implants. You have to physically find the missing pet. Then the whole body is scanned until the RFID chip implants are found and read.”

But the question (and cause of concern) for such chips is whether they will become more sophisticated and full of personal personal data in the future. And then, whether this information is safe and whether a person can actually track it.

Theodora Lau, a financial technology or fintech expert, is a co-author of the book Beyond Good: How Technology Leads a Business-Driven Revolution.

She says the embedded payment chip is just an “Internet of Things extension.” Thereby, she means another new way to connect and exchange data.

Still, she says many are open to this idea, but it makes paying things faster and easier, so you need to weigh the benefits and risks. Especially when the embedded chip carries more of our personal information.

“For convenience, how much can I pay?” She says. “Where do you draw the line when it comes to privacy and security? Who protects the critical infrastructure and the people that are part of it?”

Nada Kakabadse, a professor of policy, governance and ethics at the Henry Business School at the University of Reading, is also cautious about the future of more advanced embedded chips.

“There is a dark side to the technology that can be abused,” she says. “For those who do not love personal freedom, it opens up fascinating new perspectives for control, manipulation and oppression.

“And who owns the data? Who can access the data? And is it ethical for us to tip people like pets?”

The result, she warns, could “take power of many for the benefit of a few.”

Stephen Nozam, a senior lecturer in innovation and entrepreneurship at the University of Winchester, said the concerns were unjustified. In addition to his studies, he is also the founder of the British company BioTeq, which has been manufacturing embedded non-contact chips since 2017.

The implant is intended for people with disabilities who can use the tip to open the door automatically.

“We make inquiries every day, and we have done more than 500 implants in the UK, but Covid has reduced this somewhat,” he says.

“This technique has been used on animals for years,” he claims. “They are very small and inert objects. There is no risk.”

Returning to the Netherlands, Paumen describes himself as a “biohacker.” In short, he’s someone who incorporates technology into his body to improve his performance. He has a total of 32 implants, including a tip to open the door and an embedded magnet.

“Technology continues to evolve, so I keep collecting more,” he says. “My implants strengthen my body. I don’t want to live without them,” he says.

“There will always be people who don’t want to change their bodies. We have to respect it-and they have to respect us as biohackers.” — BBC

https://saudigazette.com.sa/article/619237/TECHNOLOGY/Microchip-implants-let-you-pay-with-your-hand?ref=rss&format=simple&link=link With Microchip Implants you can pay by hand

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