How We Pay
The ways that individuals have paid for items and services has changed greatly over the years. At one time, different cultures would do trade for services or items. Now the majority of countries use currency or credit cards in order to make payment. Many credit cards have evolved to include a chip that is supposed to make credit card purchases more secure. In China, they are rolling out a completely new way to make payments.
Face Recognition Technology
Face recognition technology is taking purchasing to a different level. It is a technology that promises to replace credit cards, passwords, and identification. In China, there is a new app that has rolled out, and it is being used by 120 million people. This is an app that allows individuals to transfer money using a facial recognition technology. This technology enables an individual to leave their currency and cards at home. All they have to do is use their smile, and they can make a purchase. This application is called AliBaba Auto Pay Experts. This face recognition technology is sure to become popular in the Western world as well because it is highly accurate.
How Does Face Recognition Work
Face recognition is a technology that has been around for years, but it has greatly improved. Face recognition is precise, and it uses advanced technology to identify the special features on a person’s face. This technology has been shown to be more precise than voice recognition. This is a technology that can identify faces in different lighting and at different angles. There are some financial institutions in China that have gone as far as using face recognition to give out loans.
What Companies Are Interested In Face Recognition
Companies such as Google, Amazon, Facebook, and Apple are interested in face recognition technology. These companies could use this face recognition technology to learn about their customers interest, hobbies and preferences. Also, this technology can enable social media sites to tag an individual’s face on their friend’s photos.
Face Recognition And You
Face recognition could bring huge benefits to consumers all around the world. With the huge amount of theft that occurs currently, an individual can feel secure in knowing that he or she has nothing on their person that can be taken away. Face recognition is definitely the way of the future.