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Swedish university students develop a palm payment system

Reporter: Malcolm Brabant 丨 CCTV.com

06-03-2014 10:52 BJT

A team of Swedish university students has developed a payment system called Quixter, which involves people using their palms to make purchases.

A team of Swedish university students are on the road to becoming millionaires after developing a payment system using the palms of people’s hands.

A team of Swedish university students are on the road to becoming millionaires after developing a payment system using the palms of people’s hands.

At Lund University, dozens of students go to buy their lunch without a penny in their pockets. All a student has to do is remember a four-digit code and put their hand on a palm reader, and the cost of the meal is then deducted from their bank account.

The Quixter team is looking for financial partners to make the system a worldwide reality, so that there is a third way to pay, alongside cash and credit cards.

A major benefit of the system is that it removes the risk of cloning that exists with credit cards.

A team of Swedish university students are on the road to becoming millionaires after developing a payment system using the palms of people’s hands.

A team of Swedish university students are on the road to becoming millionaires after developing a payment system using the palms of people’s hands.

The Quixter team, led by Engineering student Fredrik Leifland, has spent the past 15 months perfecting the system, but, for now, it is only operational within Lund University’s campus.

The inventors are confident that within a couple of years it will be possible to walk into a shop anywhere in the world and pay with your palm.

If their invention takes off, Leifland his fellow developers could become multi-millionaires.

 

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