Friday, November 14, 2014

Dutch bitcoin entrepreneur is one of about 1,500 people injected with RFID chips


Dutch bitcoin entrepreneur, Martijn Wismeijer, has had two microchips containing the virtual currency injected into his hands, AFP reported on November 12, 2014. The chips are enclosed in a 2mm by 12mm capsule of "biocompatible" glass. They were injected by a professional, utilizing special syringe. The chips are meant to allow their carrier to serve as a “virtual wallet,” enabling him to make contactless payments.

RFID (radio-frequency identification) chips emit radio signals, using Near Field Communication (NFC). Each microchip can store up to 888 bits of information. Besides storing bitcoins, along with a smartphone, the chips can be programmed to perform other tasks. For example, they can be used to open doors electronically or turn off an alarm clock.

Continue reading: http://www.examiner.com/article/dutch-bitcoin-entrepreneur-is-one-of-about-1-500-people-injected-with-rfid-chips