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The Internet of Things (IoT) has redefined and revolutionized the modern payments landscape. With over 20 billion connected devices expected to reach the market by 2020, device manufacturers and businesses have been quick to seek out new solutions that will allow these ‘smart’ devices to send and receive payments seamlessly. It’s all part of a much broader movement in FinTech that involves new use cases like the No-Money, No-Line Amazon Go flagship in Seattle, but the concept stretches back to the first dot-com boom when companies like PayPal aimed to move past a world of hard currency and into the digital payments space.
The Internet of Things (IoT) has redefined and revolutionized the modern payments landscape. With over 20 billion connected devices expected to reach the market by 2020, device manufacturers and businesses have been quick to seek out new solutions that will allow these ‘smart’ devices to send and receive payments seamlessly. It’s all part of a much broader movement in FinTech that involves new use cases like the No-Money, No-Line Amazon Go flagship in Seattle, but the concept stretches back to the first dot-com boom when companies like PayPal aimed to move past a world of hard currency and into the digital payments space.