In a matter of years there will be about 20 billion connected devices on the planet. This is the internet of things (IoT), and financial services institution Visa today announced its intention to turn many of these into a way for you to pay.Speaking at today's opening of IBM's Watson IoT Centre in Munich, Germany - an enormous skyscraper with labs inside that will invite the company's many partners in IoT to take up residence - Visa's Jim McCarthy and IBM's Bret Greenstein laid out their vision.Think of what the plastic card in your wallet represents: it is a simple form factor that securely communicates a payment between the consumer and the retailer. But Greenstein suggested that its time may be up, as every object around us begins to have intelligence embedded within them, these could also be payment signifiers in some way.To read this article in full or to leave a comment, please click here
Tamlin Magee