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Paying by sub-dermal microchip

baja microchip tag

Expect to see this story blogged to death over the next few days: a dance club in Barcelona is adding support to Applied Digital's VeriPay system that lets clubgoers pay for drinks and food using a microchip tag that is implanted under their skin. Rather than have to worry about carrying cash or losing their wallets, they can just wave their hands past a card reader which automatically debits their account. The whole things sounds like a hoax, but sadly Applied Digital is an all-too-real company that has somehow deluded itself into thinking that this is going to catch on and that they're going to make a ton of money.

[Via Dave Farber's IP List]