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LONDON, UK — Instead of carrying a wallet in a back pocket or purse, a tech company wants people to carry it under their skin. The British-Polish company Walletmor is selling microchips as alternate payment options. The company says the chip is roughly the size of a grain of rice and costs around $300. Once activated in a digital wallet app, Walletmor says those with the chip will be able to make purchases at most businesses around the world by swiping their hand over a card reader.
Since it does not come inside a credit card, the chip must be implanted into the body, with the company recommending the hand.