Thousands of Swedes Are Getting Microchip Implants to Replace Cash & Credit Cards

Thousands of Swedish citizens are receiving microchip implants to replace cash and credit cards

Thousands of people in Sweden are implanting microchips into their skin in order to replace credit cards and cash.

The disturbing new trend has grown over the last few years, with as many as 4,000 Swedes now implanted with the futuristic chips – which are about the size of a grain of rice.

“It’s very ‘Black Mirror,’” Swedish scientist Ben Libberton warned.

Nypost.com reports: Like glorified smartwatches, the chips help Swedes monitor their health and even replace keycards to allow them to enter offices and buildings.

They have particularly caught on, however, by enabling owners to pay in stores with a simple swipe of the hand, a big deal in a forward-looking country that is moving toward eliminating cash.

The microchips were pioneered by former body piercer Jowan Österlund, who calls the technology a “moonshot” — and who told Fortune magazine that he’s been hit up by hopeful investors “on every continent except Antarctica.”

“Tech will move into the body,” the Biohax International founder told the mag. “I am sure of that.”

Österlund insists the technology is safe — but that has not stopped alarm bells from ringing, with some fearing a link to a doubling in cybercrime in the country over the last decade.

Libberton, a British scientist based in Sweden, praised the “definitely exciting” potential health benefits of accurate health metrics taken from inside the body.

“Think if the Apple Watch could measure things like blood glucose,” he told The Post.

But he also fears the mass of highly personalized data and how it could be used.

“The problem is, who owns this data?” he asked. “Do I get a letter from my insurance company saying premiums are going up before I know I’m ill? If I use the chip to buy lunch, go to the gym and go to work, will someone have all of this info about me? Is this stored and is it safe?”

Libberton added, “It’s not just about the chip, but integration with other systems and data sharing.”

And he fears Swedes are not giving enough thought to the potential dangers.

“People have shown they’re happy to give up privacy for convenience,” he said. “The chip is very convenient, so could we accept our data being shared very widely before we know the risks?”

The trend coincides with Sweden’s march toward going cashless, with notes and coins making up just 1 percent of Sweden’s economy. At the same time, the country has seen a dramatic decrease in some crimes — with just two bank robberies last year compared to 110 in 2008.

Source Article from https://newspunch.com/thousands-swedes-microchip-implants-replace-cash-credit-cards/

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