I reckon many people have seen the latest Smile-to-Pay facial payment technology that are introduced in China. Large companies like, Tencent is using this in their popular WeChat app and other companies like Alipay are spending millions to develop their own technology like this.
https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technology
So, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique.
Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin?
The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face.
Let's discuss.
Smile-to-Pay: Chinese Shoppers Turn to Facial Payment Technology. China is embracing facial payment technology, which allows consumers to purchase goods simply by posing in front of point-of-sale (POS) machines equipped with cameras after linking an image of their face to a digital payment system or bank account. For me, since you can copy a face of a person by prosthetic and make ups, I think it would turn into a disaster or much bigger problem since it only recognize the face of a person and today it is easily copy a face of a person.https://www.theguardian.com/world/2019/sep/04/smile-to-pay-chinese-shoppers-turn-to-facial-payment-technology
So, do you think this is a truly revolutionary payment option or is this just an extension of the Chinese surveillance goals? Now, you cannot deny that you made a payment or that you were involved in a payment, because every face is unique.
Will the millions of people in China blindly adopt this technology, because these platforms are widely used already or will they opt for something a bit more anonymous like Bitcoin?
The convenience is also a big factor, just imagine leaving your home to go shopping without a wallet or anything to remember... you just take a product or pay for a service by looking into a camera and you pay with your face.
Let's discuss.