Monday, February 13, 2017 12:04:50 AM
Speaking to The Australian Financial Review Mastercard's president of operations and technology, Rob Reeg, said the idea of a physical card would also become obsolete in five years.
"Eight out of 10 transactions here are contactless already ... I definitely think Australia will be cashless before the US," he said.
"It's going to become about the convenience factor, be it a ring or a phone or a bracelet [rather than a card]. Wearables will definitely come into play and that will tie into authentication as well."
I wonder if Chaya will now look at this potential and abandon the credit card? I remember she abandoned the MKR , and with production " hiccups" now stalling the release of the credit card, maybe she could invent a fingerprint swipe for bracelets and other wearable items...
stay tuned for another capital raising and attractive options ????
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