Digital payments have evolved tremendously over the past few years, raising the question: where will digital payment technologies take us in the future? As more consumers become tech savvy the opportunities are endless, especially as we are only just now tapping into the unprecedented potential from global smartphone penetration with 3.2 billion smartphone users in…
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Year 2017 statistics show that there are 48.1 million mobile payment users in America and research predicts that this number is likely to increase to 74.9 million by year 2022. A quick look at the data suggests that we may be headed to a cashless society. While you may think that the need to invest…
As facial recognition technology continues to advance, the debate over privacy and unregulated surveillance is reaching a boiling point. Does facial recognition violate privacy? It all boils down to obtaining appropriate user consent. Surprisingly, there are currently no federal laws regulating the use of facial recognition or other biometric identifiers. However, some states, like Illinois…
Imagine a world where the only ID you need is digital and it is stored in a digital wallet on your phone. What if your digital ID could immediately prove your identity and is secure from cyber attacks? And the best part – you control what information is shared and who can access it. Welcome to blockchain-based digital identity.
Could Facebook be launching its own Cryptocurrency? Speculations are swirling after Facebook announced lifting its controversial ad ban suggesting that the company could be considering blockchain and cryptocurrency. The reversal comes at a time when a potential Facebook acquisition of Coinbase would give the industry the legitimacy it needs.