Published on Jun 2, 2015 by NextNewsNetwork
SYDNEY | Smart devices are everywhere. In your hand, on your walls, on your desktop, in our cars… But what about inside our bodies? IBM planted a seed years ago with this commercial… A shady looking young man perusing a grocery store as cameras and a beefy security guard looked on. Rather than arrest the young man for shoplifting… The officer says, “you forgot your receipt.” https://www.youtube.com/watch?v=QyRth…
Just a few years later, Scott Silverman, the CEO of Applied digital Solutions appeared on NBC news to present his company’s new technology to the world.
A tiny RFID microchip about the size of a grain of rice. However at the time the public wasn’t ready to accept the device and Verichip was bought out and the technology became the interest of hobbyists and technophiles.
Today there are countless accounts of young people voluntarily receiving the chip as an injection. One such man partnered the device with Bitcoin and became a walking talking eWallet.
Now VISA is dipping its toes in the water by partnering with the University of Technology Sydney.
Why Australia? Well according to George Lawson of Visa Australia he claims they’re “among the world’s earliest adopters of new technology.”
40 students from the UTS: Bachelor of Creative Intelligence and Innovation accepted the challenge from Visa to seek out new payment systems. One student is excited at the prospect of move away from cash based transactions:
And he’s not alone. In Microsoft founder Bill Gates “Annual Letter” he mused, “The key to this will be mobile phones… Already, in the developing countries with the right regulatory framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards.”
Denmark has already taken the leap to a cashless society with a proposal to permit stores from rejecting cash for transactions as early as January of 2016.
Michael Busk-Jepsen, executive director of the Danish Bankers Association feels that a cashless society is, “no longer an illusion but a vision that can be fulfilled within a reasonable time frame”.
Back in Australia Visa released a polled the population and discovered:
• 32% would be interested in paying with a smart watch;
• 29% with a smart ring;
• 26% with smart glasses;
• 26% would be interested in paying with a connected car;
• And a bold 25% of Australians say they are at least slightly interested at the prospect of having a chip implanted in their skin that could be used for payments.
That “bold 25%” has some privacy advocates and conservative Christians concerned. According to the book of Revelation in the “End Times” all mankind will be forced to accept a “mark” in their right hand or forehead that permits them to “buy and sell”
Some Christians believe that growing acceptance to a cashless society and subdermal implants to purchase goods and services will usher in the fulfilment of that scripture.
Dr. Bem Le Hunte a Course Director for University of Technology Sydney welcomes Visa’s collaboration with her students and feels they can deliver, “new kinds of creative and adaptable thinking”
While according to Visa, a quarter of Australians would be open to implantables to make purchases, 75 percent of the population still would need to accept it. Unless government forced a cashless system, like we’re seeing in Denmark.
Will you and I see a Cashless society in our lifetimes? If Bill Gates and Visa have their way – the next time you leave a grocery store they may just hand you a receipt.
Unless of course you don’t receive the mark. What do you think about these developments? Comment below with your thoughts and hit the share button – every share is one more nail in the coffin of the corporate media.
Keeping an eye on your Privacy – for the NEXT NEWS NETWORK – I’m Gary Franchi
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http://money.cnn.com/2015/06/02/techn…
http://www.mastercardadvisors.com/_as…
http://www.gatesnotes.com/2015-annual…
http://visa.com.au/aboutvisa/mediacen…
http://www.businessinsider.com.au/a-q…
Where is the security here? How will your money be protected from cyber crime? Doesn’t look like it would be very safe with all the attacks we keep learning about. Who would you go to for reparation if attacked?
Are these people crazy?
That last was a rhetorical question, I take it.
I keep telling people at the bank this. How does a cashless society better protect your money if there are constant reports of people’s accounts being hacked by credit card scanners at Target, Home Depot, and just about every other store out there? I just don’t understand the logic and even the bank tellers that I spoke to don’t understand it either and say, “Unfortunately, the banks won’t give us any say in the matter. So much freedom, huh?”
My wife has had to get two new debit cards in the past year because her account was red-lighted by the bank among other people’s accounts as being possibly targeted by hackers after using her card at the store. So what do they do? They give her a new card with an RFID chip in it and say that all of the banks are doing this now without any say in it from the people and are saying that it is to help better protect people from fraud and hacking.
I personally think this is all a rouse in order to get the RFID chips out quicker using their infamous, “Problem-reaction-solution” formula instead of waiting for their cards to expire in a few years. They need these chips out ASAP and they aren’t going to wait 5 more years after their card expires for everyone to have one.