he future of payments may be staring us right in the face.
Alibaba, the
Chinese ecommerce giant with more money than it knows what to do with,
is planning to introduce a facial recognition option called Smile to Pay
that would let shoppers pay for purchases on their smartphones by
scanning their faces.
"Online payment to buy things is always a big headache," Jack Ma,
cofounder and chairman of Alibaba, said while demonstrating the new
feature during a presentation at CeBIT conference in Hanover, Germany on
Sunday. He highlighted concerns about passwords and security. "Today we
show you a new technology in the future of how people can buy things
online."
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