By 2025, you''ll be paying for things with thumbs

11 October 2012

thumbIn the year 2025, if man is still alive, if woman can survive, they may find that we won't be buying things with anything but thumbs. That's not to say coins will vanish and we'll have pockets filled with severed digits, but rather, according to the Payments Council, we'll be using thumbprints to pay for stuff.

Ian Pearson, who produced a report for the council, examined what might happen in the future and it seems mobile payments and the security surrounding them is the main focus.

His report, Pay Your Way 2025: Future Payments, suggests that possible payment methods may include digital jewellery to transfer money or authenticate a payments. Two-thirds of people asked about the future think that we'll still need traditional money.

The Payments Council is pushing on though, and already, they've got plans to make mobile phone payments possible for everyone.

They've started work on a central database which will links mobile phone numbers to bank account details. "This will open the possibility of making and receiving almost-instantaneous payments using your mobile without needing to know account details – regardless of who you bank with," it said.

Hackers are said to be thrilled at this news.

TOPICS:   Technology   Banking   Investments   Economy

2 comments

  • SFJ
    Nice to finally see a photo of the BW team!
  • Jeremy
    Haven't got a mobile.

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