Tech Company Develops App That Allows You To Make Payments Through Hand-Implanted Chip [Video]

A London-based company has developed a new contactless payment system that involves embedding a microchip into a person’s hand.

Fox Business reports tech company Walletmor has developed a new app called Purewrist, which is a digital wallet partnered with a microchip that can be installed in your hand by a specialist. Once the chip is installed, a person can then use the app and chip to make payments to businesses that also use the app.

Walletmore has priced the implant procedure at $299 and says the system can be used to make everyday, normal transactions.

“The implant can be used to pay for a drink on the beach in Rio, a coffee in New York, a haircut in Paris – or at your local grocery store,” founder and chief executive Wojtek Paprota said in a statement to the BBC, Fox Business reports. “It can be used wherever contactless payments are accepted.”