A selfie is just another photograph to post on your social media accounts, right? Wrong. Selfies could very well be the new way to pay for your goods and services! Not only that, but wearable technology has revolutionised the way we can communicate and track daily activity. It’s no wonder that they’re now a viable option to pay for your goods with.
Not just a fashion accessory anymore, a ring can be used to pay for all of your essentials when you’re out shopping. The convenience for the wearer means that in the event that they lose their card or cash, or forget to bring it out with them there’s no reason they still can’t walk away with the goods they want. Not only does this mean they get to purchase what they need, but your business doesn’t lose out on a sale that day.
One of the most convenient facts about the contactless ring, is that it doesn’t require a smartphone to use, nor does the ring need charging at all. As long as the customer is wearing one, they’ll be able to pay for whatever they want.
The phenomenon of the selfie has taken off significantly in the past several years – even earning itself a definition in the Oxford dictionary. It was only a matter of time before selfies would become a daily habit – and perhaps even a daily necessity. A new app called ‘Selfie Pay’ aims to help customers make secure transactions without the need for a pin number or password. By using biometrics instead of passwords, the app aims to make it the securest form of payment possible; after all, you can’t replicate someone’s face or hack it as passwords often are.
The future of payments
Whether you’re a fan of these payment methods or not, their value to businesses is undeniable – and it’s hard to imagine a future in which these types of payments weren’t helping businesses to boom and make more and more profit every year.