May 21, 2019

Call it ‘The UBER Moment’: Fintech & Bitcoin are Disrupting Banking Industry

The World of Diginomics is experiencing growing pains, but it’s all part of growing up.   “Bitcoin is here to stay. It is a first of its kind. Bitcoin is the first globally relevant virtual currency that does not need the banking system.” – Frank Schwab, co-founder of the Fintech Forum in Germany. According to […]

Your Heartbeat is Your Password

Halifax is testing wristbands that pick up a wearer’s heartbeat and use it as a way of logging into their mobile banking app. The Nymi Band would be connected to a smartphone via Bluetooth, and use ECG sensors to pick up the wearer’s unique heart rhythm. Customers would put the band on their wrists, which […]

Diginomic-Prone Generation Z Ready for Biometric Economy

The next adult generation of consumers see the end of cash and “tangible” means of payment of all kinds (currency, coins, checks and credit). Intangible, virtual economics (“diginomics”) is the only way to go. It’s fast, clean, cheap … and sensible in this new all-digitized world. This survey confirms another survey in 2011 conducted by […]

The Diginomic ‘Wave’:Techie Embeds Chip in Hand

DiginomicWorld News has been predicting since 2012 that “the future of digital economics is in ‘the Wave.’ Be it installation, augmentation or implementation through virtualization — the ultimate technology … whether it is card, communicator or chip … will be little more than the simple ‘wave’ of the hand, and your bill is paid. It’s […]

Diginomics Grows: Days of Cash Limited as Digital Payments Increase

“Apple is betting that consumers want an even more convenient way to pay in person,” reports TechCrunch.com in its October 11 posting. “Apple Pay should provide digital currency (like Bitcoin) with a boost — it could be the killer app that digital currency has been waiting for.” Indeed, cash is slipping in its position as […]

Pay-by-Palm Closer Than You Think

Out of Sweden’s Lund University comes a development that promises to be a game changer in the ever-evolving world of diginomic payment systems. It’s a “pay-by-palm” system being developed and distributed by a biotech startup called Quixter. “Pay with your hand. Paying has never been quicker or more convenient,” Quixter’s homepage announces. Getting started at […]

Self-Authenticating Chip Technology Could Disable Digital Fraud

Imagine — no longer being concerned about protecting your identity and financial information from hackers. And not credit/debit cards only, but SIM cards as well? Could electronic counterfeiting of our financial transactions soon be a thing of the past? Consider the April 9, 2014 patent filing by De Sonneville International of its self-authenticating microchip. “If […]

Diginomics + Wearable Tech = The Power Suit

Since 2011, we have been talking about the future of alternative payment systems could be summed up in one phrase: “The Wave.” Simply wave your hand at the payment terminal, and that’s it! whether it be through biometrics, or wearable tech (calm technology), or a combination of both and more, “The Wave” would prove to […]

DIGINOMIC ATMs NEXT GEN ROLL-OUT

The ubiquitous ATM machine is undergoing a major makeover that will make it a greater player in the world of digital economics than ever before. As we have noted in earlier posts how 2014-15 promises to be the transition period away from PINs and passwords, the new ATMs will lean more on biometrics. Teamed with […]

Contactless Payments: the ‘Holy Grail’ of Cashless Payments?

“Contactless payments” are exploding across England, which could be an indicator of an expanding global trend. According to WorldPay, contactless payments in the UK have skyrocketed 226% since this same time last year. It’s a process known as “Proximity Correlation.” It’s a contactless payment system that Starbucks has been using since 2012. “One in three […]