馃攳
I Put A Payment Chip In My Hand To Replace My Wallet - YouTube
Channel: unknown
[7]
(upbeat music)
(cash register ringing)
[9]
Hi, my name is Charlie Warzel.
[10]
I'm a Senior Writer with BuzzFeed News.
[12]
And in order to see what the
future of money looks like,
[14]
I decided to live for a month
[16]
by just paying for things with my phone.
[18]
And somewhere along the line,
[19]
I ended up getting a microchip implanted
[21]
inside my hand to see if I could be
[23]
the first person in the world
[25]
to pay for something out in the real world
[28]
using just their hand.
[30]
I basically wanted to try to download
[32]
as many apps on my phone as possible
[35]
and make sure that I could
use alternative currencies
[38]
and try to spare cash or credit
cards in anyway possible.
[42]
- You're using your phone
as a payment method.
[44]
We call that a Proximity Mobile Payment.
[47]
And we estimate that by the end of 2016,
[49]
U.S. adults will spend 27 billion dollars
[54]
using their phone at the point of sale.
[56]
But, you look at that in
the context in card volumes,
[58]
I mean, that's a pretty
small drop in the bucket.
[60]
Hey there, do you guys accept ApplePay
[63]
or any of the card reader
things for your phone?
[65]
I can't buy anything here, right?
[68]
Okay. Alright. Thank you very much.
[70]
- When you're only using
your phone to pay for things
[72]
and find that you're sort
of pushed to two extremes:
[75]
really big chain stores,
[77]
or really small, niche, kind
of overpriced coffee shops
[81]
and places like that.
[82]
A couple weeks into my experiment,
[84]
I ended up going to Sweden.
[86]
Sweden happens to be way far
ahead of the United States
[89]
when it comes to getting rid of cash.
[91]
I ended up meeting with some people
[93]
who are really active in
the biohacking community
[95]
and found that you could actually implant
[97]
an RFID NFC chip in your hand.
[101]
- [Voiceover] Take a deep breath for me.
[103]
(deep breath)
[104]
And exhale.
[107]
- And so I figured, if I
could put it in my hand,
[109]
maybe I'd be able to pay
for something with my hand.
[112]
- [Voiceover] That was it.
[113]
Really.
- [Charlie] Yeah.
[114]
- [Voiceover] Keep breathing.
[116]
- [Voiceover] How does it feel?
[117]
- It's like pinchy.
[118]
It definitely hurt like way more
[120]
than they said it was going to. (laughs)
[122]
It looks sort of like a grain of rice
[123]
or like a pill that's in my hand.
[125]
- I think the idea of
using a microchip implant
[128]
in one's hand to be
able to make a payment,
[131]
I do question the mainstream
application of it,
[134]
but I really think there
might be other ways
[136]
where that might come near fruition,
[138]
not necessarily through
like the surgical implant,
[140]
but through other kind of
integrations with the body.
[143]
- So once everything healed,
[144]
I decided that I needed to start focusing
[147]
on how to make this chip work
[149]
and I really wanted to
become the first person
[151]
to ever pay for a meal at a
restaurant with their hand.
[156]
(upbeat piano music)
[160]
Eventually I stumbled
across a Venmo engineer,
[162]
who said that he could
help me with my task.
[165]
What they decided is that they would
[167]
put my Venmo unique user ID onto my chip,
[171]
which would basically make it so that
[172]
any phone would recognize my
hand as a Venmo app. (laughs)
[186]
(upbeat music)
[192]
- So you're good to go.
[193]
That was just so sick, dude.
[195]
- [Voiceover] That's amazing.
[196]
- That was sick.
[196]
- [Charlie] Yes.
[197]
- [Voiceover] That was narly.
[198]
- That was insane!
[199]
- We actually accomplished
what we set out to do
[201]
and I kind of couldn't believe that it was
[203]
ever going to happen.
[205]
I thought I got this thing
jammed in my hand for nothing.
[207]
My hand is paying for everything today.
[210]
If the wallet is here
and your phone is sort of
[212]
a healthy middle ground,
[214]
something like the chip felt to me
[216]
like the furthest possible
extreme of futuristic technology.
[221]
- The challenge with
mobile payments is that,
[222]
especially in the U.S.,
[224]
it's so easy to use cards.
[226]
- After doing this
experiment, I would bet that
[229]
in about ten years, it's kind of abnormal
[231]
to carry around a wallet that's
just stuffed full of cash.
[238]
- That's insane.
[239]
Paying with the hands.
[240]
What's next?
[241]
Paying with the foot?
[242]
(laughing)
[243]
(robotic music)
Most Recent Videos:
You can go back to the homepage right here: Homepage