💸 Payments with your body AliPay has launched the PL1, a biometric terminal that allows palm-based payments without the need for a phone, card, or PIN. It uses a dual recognition system (palmprint and vein mapping) with an error rate of less than one in a million and fast authentication (transactions in ~2 seconds). Following successful trials in Hangzhou, Alipay plans to expand its use to public transportation, controlled access, and healthcare. Although it may not be able to go much further internationally. Imagine a place where you can only pay with your physical ID, which could mean...

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China’s Palm Payment Push Is Here

In China, your hand is now your wallet, and maybe soon, your ID, and subway ticket too.