First Complete E-Wallet Comes to the iPhone
A novel mixture of hardware and software allows individuals to carry all their portable financial information in a specially designed phone case protected by fingerprinting technology.
What's the Latest Development?
A novel mixture of hardware and software has brought the most complete and secure e-wallet yet to the iPhone, allowing users to leave their cash and cards at home. Called Geode, the system is based on a special iPhone case which contains an e-ink screen and universal credit/debit card. Users can imprint all the financial information of their various credit and debit cards on the universal card which, kept in the phone cover, can be taken out and used anywhere. The e-ink screen stores the bar codes of customer loyalty programs and the entire system is protected by fingerprint identification technology.
What's the Big Idea?
While the maker of the Geode, iCache, emphasizes the security features of its e-wallet system, worries about financial fraud may rank comparatively low on the list of obstacles preventing the adoption of complete e-money systems. Our normal credit and debit cards are not protected by fingerprint technology, yet we seem content with the security currently offered. And how willing will people be to hand over their phones to grocery store checkout clerks? The Geode does seem to overcome the need for near field communication, however, which requires a sorely lacking infrastructure to make contact-free transactions using smartphones.
Photo credit: Shutterstock.com
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
Is it "perverseness," the "death drive," or something else?
Eight-dimensional octonions may hold the clues to solve fundamental mysteries.
- Physicists discover complex numbers called octonions that work in 8 dimensions.
- The numbers have been found linked to fundamental forces of reality.
- Understanding octonions can lead to a new model of physics.
It's up to us humans to re-humanize our world. An economy that prioritizes growth and profits over humanity has led to digital platforms that "strip the topsoil" of human behavior, whole industries, and the planet, giving less and less back. And only we can save us.
- It's an all-hands-on-deck moment in the arc of civilization.
- Everyone has a choice: Do you want to try to earn enough money to insulate yourself from the world you're creating— or do you want to make the world a place you don't have to insulate yourself from?
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.