Walletmor is a Bio-Compatible NFC Implant That's Linked to an Account
Laura McQuarrie — October 8, 2021 — Tech
The trouble of forgetting payment cards at home is a thing of the past with Walletmor's bio-compatible NFC payment implants, which allow users to make contactless payments with their own hand. People in the European Union and the UK can now make payments this way thanks to Walletmor and its NFC implant that meets ISO 10993 biocompatibility standards.
The battery-free implant is designed to be embedded under a user's skin and it links to an online account that's preloaded, so that transactions can be made simply, seamlessly and without the need for a wallet. According to the brand, the device is about the size of a safety pin and only half a millimeter thick. With this NFC implant, users can make contactless payments where most popular credit or debit cards are accepted.
The battery-free implant is designed to be embedded under a user's skin and it links to an online account that's preloaded, so that transactions can be made simply, seamlessly and without the need for a wallet. According to the brand, the device is about the size of a safety pin and only half a millimeter thick. With this NFC implant, users can make contactless payments where most popular credit or debit cards are accepted.
Trend Themes
1. Bio-compatible Payment Implants - The trend of embedding NFC payment implants under a user's skin creates opportunities for development of new and innovative biocompatible technologies.
2. Contactless Payment Revolution - The trend of making payments with bio-compatible NFC implants creates opportunities for disruptive innovation in the field of contactless payments that will likely become more mainstream in the future.
3. Wearable Payment Devices - The trend of embedding NFC payment devices under a user's skin in the form of bio-compatible implants creates opportunities for innovative new wearable payment devices that have the potential to transform traditional payment methods.
Industry Implications
1. Healthcare - The healthcare industry could leverage bio-compatible implant technologies similar to Walletmor payment implants for medical applications such as tracking and monitoring patient activity or biometric identification.
2. Fintech - The fintech industry could use bio-compatible payment implants like Walletmor's to create new payment products and services catering towards consumers who want more seamless and secure payment options.
3. Retail - The retail industry could leverage payment implant technology to provide a more seamless, automated checkout experience for customers, thereby improving customer experience and loyalty.
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