Source: http://www.theaustralian.com.au/business/technology/implants-to-aid-payment-with-a-wave-of-the-hand/story-e6frgakx-1227368819195

Is it retail therapy gone mad? The dawn of a new cyborg age? Or a new meaning to going down under?

Whatever the case, a fair proportion of Australians are receptive to technology mixing with their precious human organic flesh, if it means making payments at retail stores is easier.

A survey, commissioned by global payments firm Visa, found 25 per cent of Australians were “slightly interested” in having a commerce-oriented chip implanted in their skin.

Research firm UMR conducted the survey for Visa, interviewing 1000 local consumers.

A subcutaneous chip would let consumers pay at a retail terminal without a wallet, credit card, smartphone or smartwatch. They would simply wave their bare hand over a terminal.

The finding was revealed as Visa and University of Technology Sydney announced a partnership to explore the future of wearable technology. Visa’s research looked at the wearable technology Australian consumers were interested in using for payments.

Thirty-two per cent would be interested in paying with a smartwatch; 29 per cent with a smart ring, and 26 per cent with smart glasses.

It is little wonder Visa regards Australians as adventurous with tech. “Australians are among the world’s earliest adopters of new technology,” said George Lawson, Head of Emerging Products and Innovation for Visa in ANZSP.

There’s nothing new about implanting tags under the skin. The US firm VeriChip obtained approval to do just that more than a decade ago.

Their chip consisted of a tiny antenna and an identification number. It was designed to be implanted in the soft tissue between the thumb and index finger and detected by a radiofrequency identification (RFID) scanner.

Before you see the human species morphing towards a cyborg future, there is a cautious note. Research in the past has linked subcutaneous chips to cancers in laboratory animals at the implant site.