Bionic Banking: Credit Card Chips inserted into hands

Coming To America? You can bet on it! Thousands Of Swedes Are Inserting Microchips Under Their Skin.

Technology continues to get closer and closer to our bodies, from the phones in our pockets to the smartwatches on our wrists. Now, for some people, it’s getting under their skin.

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In Sweden, a country rich with technological advancement, thousands have had microchips inserted into their hands.

The chips are designed to speed up users’ daily routines and make their lives more convenient — accessing their homes, offices and gyms is as easy as swiping their hands against digital readers.

They also can be used to store emergency contact details, social media profiles or e-tickets for events and rail journeys within Sweden.

Proponents of the tiny chips say they’re safe and largely protected from hacking, but one scientist is raising privacy concerns around the kind of personal health data that might be stored on the devices.

Around the size of a grain of rice, the chips typically are inserted into the skin just above each user’s thumb, using a syringe similar to that used for giving vaccinations. The procedure costs about $180.

So many Swedes are lining up to get the microchips that the country’s main chipping company says it can’t keep up with the number of requests.

More than 4,000 Swedes have adopted the technology, with one company, Biohax International, dominating the market. The chipping firm was started five years ago by Jowan Osterlund, a former professional body piercer.

“Having different cards and tokens verifying your identity to a bunch of different systems just doesn’t make sense,” he says. “Using a chip means that the hyper-connected surroundings that you live in every day can be streamlined.”

After spending the past two years working full time on the project, he is currently developing training materials so he can hire Swedish doctors and nurses to help take on some of his heavy workload.