Japan has announced that it will start testing fingerprint currency ahead of the 2020 Olympic Games.
Starting this year, the Japanese government will start testing a fingerprint currency system for foreign tourists to be able to verify their identities and purchase goods without having to carry cash or a credit card. The testing will start with inbound tourists registering their fingerprints as well as some personal information like their names, identity numbers and credit card information. You’ll be able to register at airports, hotels and other places to be confirmed.
With this new fingerprint currency system the Japanese government proposes to introduce an attempt to prevent crime by relieving you of the need to carry cash or a credit card or other personal documentation that can be stolen. The government hopes that this will increase the number of foreign tourists to visit the country, but it also aims to relieve stress for those foreign tourists who will be attending the 2020 Tokyo Olympics and Paralympic Games. The government aims to increase the annual number of foreign tourists to 40 million by 2020.
With this new proposed system, tourists will be able to buy goods and pay for services,perform certain tax exemption procedures, presented as personal identification and more, simply by tourists placing two fingers on new special devices that will be installed in participating establishments. 300 souvenir shops, restaurants, hotels and other establishments will participate in the initial testing. The testing will take place in popular tourists areas around Japan like Hakone, Kamakura, Yugawara in Kanagawa Prefecture, and Atami in Shizuoka Prefecture.
Tokyo-based bank, Aeon Bank is set to become the first bank in Japan that will be testing a fingerprint system aimed at replacing the need to carry a wallet. The bank will give its customers the ability to use only their fingerprints to withdraw money.