Talking Technology the End of Cash

Money began to live as tokens and pieces of silver and gold in the ancient cities of Mesopotamia. Since 2500 BC We have come a long way and cold hard money is increasingly being replaced by less tangible currencies, hence the rise of contract payment systems and mobile commerce. 

Not all e-commerce applications use the same technology or payment approach, but emerging standards such as NFT. It is used for a number of m-payment applications or tests. Spain people have been using the NFT-based Oyster card to pay their tube fares for several years, while travellers use their phones to pay for public transport and as loyalty cards at local leisure facilities. You can easily get more information about NFT via https://kiliki.club/.

Image Source: Google

Placing the NFT chip close to the reader allows data to be transferred to and from the chip, potentially expanding applications beyond payments. Visit the French city of Cannes, where residents are testing an NFT system, which allows them to pay for services and get information straight to their phones. These include paying at underground parking lots, town halls and supermarkets, bus stops that can send schedule information, movie posters that download video trailers to mobile phones and signs that provide tourist information via SMS and phone calls.

M-Commerce started with wireless POS slider terminals but quickly found its way to mobile phones and PDAs as it offered several advantages over more traditional payment methods. There is no need for a telephone socket or wall outlet, so it can be more flexible, and the commercial application of wireless payment systems is increasing.

Leave a Reply