The company behind the creation: Bichip, state that their human implant is the first and only distance readable human microchip with internet connectivity. Originally designed to store medical data, drivers license and passport details, the newest upgrade now allows for the safe storage of cryptocurrency.
Currently, the only cryptocurrencies compatible with the microchip is XRP and Bitcoin. The Bichip's payment system utilizes Ripple technology allowing users to bypass traditional bank intermediaries.
This unique way of soring cryptocurrency (and data records) minimizes the chances of losing assets due to hacking or other such mishaps.
However, some people aren’t all too taken with the idea of implanting a microchip into their skin… Some are even going as far as relating the Bichip to the mythology heralding the rise of the antichrist. According to the myth the devil requires “all people great and small, rich and poor, free and slave to receive a mark on their right hand … so that none could buy or sell unless he had the mark”. Creepy…
Others held a more rational view:
Guys have you thought about the medical implementation of your chip? People could have their medical history, blood type any pre existing conditions or medication they are taking on it. Paramedics could carry scanners, this could really save lives! #biochip #XRP #ripple— Crypto Coleman (@cy_coleman) January 7, 2018