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Future of money

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  • Soccer fans wear rival player's mug shot on T-shirt

    Soccer fans wear rival player's mug shot on T-shirt

    Friday, September 12 2014 10:39 AM EDT2014-09-12 14:39:44 GMT
    Relatives of an Indiana high school student whose mug shot appeared on T-shirts at a soccer game between rival schools reportedly claim spirited fans went a bit too far.
    Relatives of an Indiana high school student whose mug shot appeared on T-shirts at a soccer game between rival schools reportedly claim spirited fans went a bit too far.
  • Prisoners kept handcuffed in park

    Prisoners kept handcuffed in park

    Friday, September 12 2014 8:01 AM EDT2014-09-12 12:01:28 GMT
    It was a day in the park for about 40 prisoners - handcuffed to each other, a fence and even a children's slide.  Authorities have been holding some crime suspects in a public park in western Bogota's La Granja neighborhood because they say there is no more room at a local detention center.
    It was a day in the park for about 40 prisoners - handcuffed to each other, a fence and even a children's slide.  Authorities have been holding some crime suspects in a public park in western Bogota's La Granja neighborhood because they say there is no more room at a local detention center.
NEW YORK (MYFOXNY) - These days, when you check out of a grocery store, your toughest choice might be cash or credit.

But in a few years, or 20, there may be no need to carry dollar bills, credit cards, or stacks of cash.

What if there was no register when you walked into a store? Maybe something else you're carrying, like a watch or phone with a ring emitting signal can be your currency.

It might sound like the stuff of science fiction but futurist and social scientist Heather Schlegel says it's not.

"And so, rather than having to wait in a line, or the time to actually pay, you can just be like, 'Boom. That's was I want' really fact and like be able to leave really quickly and know that it might be secure too," Schlegel says.

Social media sites like Facebook already have algorithms to recognize faces in photos. Schlegel sees a time when store cameras may also utilize similar technology so companies will know when you're in stores.

"This might sound really creepy or scary, and in some ways it is a little bit, but if it allows us to kind of go to a store and they know who we are and what we always kind of normally like to buy or what we might like to buy, it makes it much easier to reduce fraud. Someone can't impersonate you, Schlegel says.

And, are you ready to pay with your veins?

Schlegel says that a new payment system is already undergoing a test in Sweden. The biometric machine looks at a user's veins to identify them.

It's called Quixter. It allows a user to place their hand over a reader that identifies the patron via their unique vein patterns.

It is being used by 15 retail stores and dining establishments around Lund University.

Customers register their social security number and phone number wtih an installed terminal along with payment information.

After that they can pay via vein-scanning. The company claims the payment process takes less than five seconds.


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  • Notes with swastikas and 'Uber' found in Brooklyn

    Notes with swastikas and 'Uber' found in Brooklyn

    Tuesday, September 16 2014 10:05 PM EDT2014-09-17 02:05:20 GMT
    The NYPD Hate Crimes Task Force is working to track down whoever posted dozens of stickers and fliers with swastikas and the word "Uber" in Brooklyn. The stickers and flyers filled with images of hate were placed outside a Jewish boys' school on Bedford Avenue in Brooklyn. A Shomrim safety patrol spotted the stickers on the sidewalk and in the gutters, police said.
    The NYPD Hate Crimes Task Force is working to track down whoever posted dozens of stickers and fliers with swastikas and the word "Uber" in Brooklyn. The stickers and flyers filled with images of hate were placed outside a Jewish boys' school on Bedford Avenue in Brooklyn. A Shomrim safety patrol spotted the stickers on the sidewalk and in the gutters, police said.
  • Bratton: Islamic State group threat expanding

    Bratton: Islamic State group threat expanding

    Tuesday, September 16 2014 8:43 PM EDT2014-09-17 00:43:17 GMT
    New York City has entered a "new era" of potential terror threats as hostilities between the United States and extremists from the Islamic State group intensify, Police Commissioner William Bratton said Tuesday. Bratton told reporters that there is no current information pointing to a specific threat against the city.
    New York City has entered a "new era" of potential terror threats as hostilities between the United States and extremists from the Islamic State group intensify, Police Commissioner William Bratton said Tuesday. Bratton told reporters that there is no current information pointing to a specific threat against the city.
  • High-fiving strangers in NYC

    High-fiving strangers in NYC

    Tuesday, September 16 2014 6:01 PM EDT2014-09-16 22:01:29 GMT
    Looking for a taxi cab is a common sight in the city. For some people, an outstretched arm is usually the sign for hailing a cab. A few other folks see it as something else.Meet Meir Kalmanson. He sees a hand in the air as an opportunity to lighten up a person's serious or frantic state. Meir decided to high-five his way down Fifth Avenue. The video of his rebellion of social norms has gone viral.
    Looking for a taxi cab is a common sight in the city. For some people, an outstretched arm is usually the sign for hailing a cab. A few other folks see it as something else.Meet Meir Kalmanson. He sees a hand in the air as an opportunity to lighten up a person's serious or frantic state. Meir decided to high-five his way down Fifth Avenue. The video of his rebellion of social norms has gone viral.
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