Tech giant Amazon wants you to pay with a wave of the hand rather than a plastic swipe, according to the Wall Street Journal.
A WSJ article, citing undisclosed sources, reports that Amazon is building new high-tech checkout terminals that can be installed in brick-and-mortar stores. The terminals would enable consumers to link their credit or debit card information to their hands. They could then check out by scanning their palm as opposed to swiping a card.
Earlier this month, Patently Apple reported that the e-commerce company filed for a patent for a “non-contact biometric ID system” that uses a device to scan a person’s hand.
Should the Amazon terminal succeed, it could disrupt the digital economy and overtake mobile wallet providers such as Apple Pay.
However, card issuers have raised concerns regarding cardholder security and the potential for fraud as criminals might try to link stolen cards to their hands. Sources say that Amazon could simply blacklist fraudulent users.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Paradise studio
