The rise of digital currencies reduces the need for physical interaction and communication between people. At the same time every payment method still leans on trust. But how can we trust what we can not physically touch, smell or hear?
Artist Heidi Hinder envisions a payment method that brings back personal contact between people: hug & pay. Indeed, paying with a hug. But also pay with a handshake, a high five, and even with a tap dance.
For her project she uses RFID tags and readers that are worn by the customer and the seller. The payment data is transmitted by physical contact.
The project was awarded with a grant from the Awesome Foundation London, which allows Heidi to develop her concept further. We are already anticipating bithugs as a new digital-physical currency.