This Business News Story Was Uncovered By Us From: https://www.springwise.com/a-biometric-vending-machine-for-dispensing-legal-cannabis/
In this most recent report that we have just posted, you will learn the key steps of developing your income projections by following the knowledgeable Ideas that this report discusses.
Add / Remove
Spotted: The American startup PopCom is working on a vending machine that would allow the legal purchasing of government-regulated items. So, alcohol, medication and cannabis vending machines could be around the corner.
“There are definitely infinite possibilities,” PopCom CEO Dawn Dickson told Columbus Business First. “My No. 1 focus now is getting the product out and showing the world what we already know – that it works and will be very disruptive to the automated retail industry.”
PopCom is upgrading its existing automated retail system that already uses facial recognition and supports payments using biometrics and blockchain. The new version will use smart contracts and enhanced biometrics and blockchain technology to allow for compliant and secure payments. It has raised over £983,000 — reaching the maximum allowed through equity crowdfunding. There are plans to pilot the new system at the end of this year with machines that dispense cannabis and pharmaceuticals.
Takeaway: By 2023, roughly 2.6 billion people are expected to be using biometrics for payments, according to Goode Intelligence. This is being driven, in part, by growing demand for frictionless authentication and a reduction of payment fraud. A study by GlobalData showed that 16 percent of consumers have fallen victim to payment fraud, and 67 percent are fine with using biometrics to enhance payment security. As consumers become more comfortable with using biometrics for payments, opportunities should continue to open up for startups like PopCom to disrupt the automated retail industry. Springwise continues to spot the … Read More
https://blognews.turnkeywebpublishing.com is All about entrepreneurship, Cutting edge techniques to grow an internet web based enterprise together with looking further into the hottest business ideas , innovation, and small business Market Research to Expose what kinds of internet startups that were recently launched, are generating a profit.
