Future of money

Future of money

Posted: Updated:
  • Popular StoriesMore>>

  • Man with many piercings denied entry to Dubai

    Man with many piercings denied entry to Dubai

    Monday, August 18 2014 7:58 AM EDT2014-08-18 11:58:31 GMT
    A heavily tattooed German man whose face is embellished with horn implants and more than 100 piercings said Sunday he was refused entry to Dubai without reason, forcing him to skip a planned appearance at a nightclub.  His look may have been a step too far for the Gulf's most liberal city, where a carefully cultivated reputation for tolerance and cutting-edge cosmopolitanism occasionally clashes with the region's conservative Islamic values.
    A heavily tattooed German man whose face is embellished with horn implants and more than 100 piercings said Sunday he was refused entry to Dubai without reason, forcing him to skip a planned appearance at a nightclub.  His look may have been a step too far for the Gulf's most liberal city, where a carefully cultivated reputation for tolerance and cutting-edge cosmopolitanism occasionally clashes with the region's conservative Islamic values.
  • Triplets born 12-weeks early

    Triplets born 12-weeks early

    Friday, August 15 2014 4:42 PM EDT2014-08-15 20:42:03 GMT
    25-year-old Brooke Selley gave birth to her baby girls in October, a full 12 weeks early.
    25-year-old Brooke Selley gave birth to her baby girls in October, a full 12 weeks early.
NEW YORK (MYFOXNY) - These days, when you check out of a grocery store, your toughest choice might be cash or credit.

But in a few years, or 20, there may be no need to carry dollar bills, credit cards, or stacks of cash.

What if there was no register when you walked into a store? Maybe something else you're carrying, like a watch or phone with a ring emitting signal can be your currency.

It might sound like the stuff of science fiction but futurist and social scientist Heather Schlegel says it's not.

"And so, rather than having to wait in a line, or the time to actually pay, you can just be like, 'Boom. That's was I want' really fact and like be able to leave really quickly and know that it might be secure too," Schlegel says.

Social media sites like Facebook already have algorithms to recognize faces in photos. Schlegel sees a time when store cameras may also utilize similar technology so companies will know when you're in stores.

"This might sound really creepy or scary, and in some ways it is a little bit, but if it allows us to kind of go to a store and they know who we are and what we always kind of normally like to buy or what we might like to buy, it makes it much easier to reduce fraud. Someone can't impersonate you, Schlegel says.

And, are you ready to pay with your veins?

Schlegel says that a new payment system is already undergoing a test in Sweden. The biometric machine looks at a user's veins to identify them.

It's called Quixter. It allows a user to place their hand over a reader that identifies the patron via their unique vein patterns.

It is being used by 15 retail stores and dining establishments around Lund University.

Customers register their social security number and phone number wtih an installed terminal along with payment information.

After that they can pay via vein-scanning. The company claims the payment process takes less than five seconds.


  • Local NewsLocal NewsMore>>

  • Pediatric cancer awareness

    World Trade Center to go gold

    World Trade Center to go gold

    Thursday, August 21 2014 6:41 PM EDT2014-08-21 22:41:15 GMT
    Like so many teenagers, Shelby Huff was hung up on getting abs until one day two years ago when she realized looking good was not as important as feeling good. She was doing sit-ups when suddenly she developed huge bruises on her legs. Shelby was diagnosed with a deadly bone marrow disease.
    Like so many teenagers, Shelby Huff was hung up on getting abs until one day two years ago when she realized looking good was not as important as feeling good. She was doing sit-ups when suddenly she developed huge bruises on her legs. Shelby was diagnosed with a deadly bone marrow disease.
  • Official: NYPD body cameras are 'win-win'

    Official: NYPD body cameras are 'win-win'

    Thursday, August 21 2014 5:36 PM EDT2014-08-21 21:36:44 GMT
    Public Advocate Leticia James says a 3-ounce camera, if used correctly, could be a key tool in improving community and police relations. She showed off one of the cameras she believes NYPD patrol officers need to be wearing. She said that the cameras would be a "win-win" for the public, transparency, police accountability improving police community relations, reducing civil liability.
    Public Advocate Leticia James says a 3-ounce camera, if used correctly, could be a key tool in improving community and police relations. She showed off one of the cameras she believes NYPD patrol officers need to be wearing. She said that the cameras would be a "win-win" for the public, transparency, police accountability improving police community relations, reducing civil liability.
  • Savion Glover, the master teacher

    Savion Glover, the master teacher

    Thursday, August 21 2014 5:26 PM EDT2014-08-21 21:26:05 GMT
    While the rest of us merely march to the beat of our own drum, Savion Glover is the drum. The tap dance superstar has dazzled audiences from the small screen to the big screen from the White House to the Great White Way. More than just a legend, Savion has become a curator of tap. He is on a mission to keep the craft sacred for future generations.
    While the rest of us merely march to the beat of our own drum, Savion Glover is the drum. The tap dance superstar has dazzled audiences from the small screen to the big screen from the White House to the Great White Way. More than just a legend, Savion has become a curator of tap. He is on a mission to keep the craft sacred for future generations.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices