Friday, May 13, 2022
"In the same year, 787 billion card transactions took place and based on global average emissions factors, produced 416,742 tCO2e," Yang wrote. "If each one had instead been made via direct bank payments, such as direct debit, the resulting emissions would have dropped to 104,222 tCO2e, all other factors remaining equal. That amounts to a 75% reduction, with the level of emissions saved comparable to 90,000 round-trip flights in economy class from New York to San Francisco."
Yang urged consumers to replace plastic payment card products with environmentally friendly methods that move money directly from one account to another, such as ACH payments powered by open banking, stating these methods produce fewer emissions while lessening the demand for plastic.
One carbon-friendly alternative to plastic payment cards is Walletmor's contactless EMV chip, designed to be implanted in human hands. The Polish and British fintech startup claims its solution is ecofriendly and can be installed in minutes by an approved service provider. Once installed, the chip cannot be tracked, hacked or duplicated, the company stated, noting that batteries last about 10 years as users wave and pay wherever contactless payments are accepted.
Further instructions and a list of certified technicians who can install the chip can be found at us.walletmor.com/pages/partners.
"Injecting the Walletmor implant is relatively easy, however, we do not recommend performing the injection process on your own," the Walletmor website stated, while providing a list of recommended professionals. Dr Szymon Manasterski, a Walletmor-certified practitioner, compared the chip to a pierced earring, stating it requires a very small 7-millimeter incision in the skin. The procedure takes four minutes and the healing process can take several days, he added.
Wojciech Paprota, creator of Walletmor, stated the chip meets the latest European privacy compliance guidelines, including PSD2. He described the chip itself as half a millimeter thick and consisting of an integrated circuit and metal sheath sealed in hermetic bio-housing that acts as an antenna. He also noted its biopolymer composition, designed by Seattle-based VivoKey Technologies, meets the ISO 10993 standard.
Paprota further noted that the Walletmor payment implant is based on global contactless and wireless near field communication technology. "It does not generate any radio waves on its own and is only activated with a contactless payment terminal, and only at a very short distance," he said. "There is no way to be able to track someone with a Walletmor implant."
Paprota, who estimates several hundred users across Europe and Scandinavia are currently waving Walletmor-augmented hands at the POS, has seen growing interest across the regions and in the United States, where the product was recently launched. U.S. users are from all ages and backgrounds, Paprota noted, and include scientists, entrepreneurs, bodyguards and police officers.
Walletmor's recommended installers are widely available at doctor's offices, hospitals, clinics and laboratories, he said. For more information or to volunteer for a trial, visit us.walletmor.com/ . 
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