How Americans view future payment technology: 5 findings

American consumers overall are ready for the future of payments, suggests a survey from e-payments company Viewpost.

The June survey was commissioned by Propeller Insights and surveyed 1,000 American consumers. Researchers asked participants about payment technologies and their perspective on how payment technology could evolve.

Here are five findings from the survey.

1. Overall, the survey found 80 percent of Americans favor "futuristic" payment technologies and currencies. These include sensor fingerprinting, facial recognition, retinal scanning and voice control, among other tools, along with currencies such as Bitcoin.

2. Nearly half of Americans said they believe fingerprint technology will be used to make/receive payments over the next decade.

3. Nearly 35 percent of Americans said they believe facial recognition will be a key authentication technology to make/receive a payment within the next decade. Additionally, nearly 32 percent of Americans said they would feel their money and identity is secure if they used facial recognition to make payments, the study found.

4. Approximately 31 percent of Americans said they believe retinal scanning is a viable technology to make/receive payments and nearly 18 percent said they see themselves using voice control to make payments in the next decade.

5. Approximately 21 percent of Americans said they believe Bitcoin will be a viable currency within the next decade.

 

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