Why Bluetooth Will Drive Digital Wallets in 2018

When Apple pulled the plug on the headphone jack, pun intended, it started a debate about whether wired peripherals were a thing of the past. Apple, Samsung and a growing number of smartphone manufacturers are beginning to see a great deal of promise in Bluetooth technology. Soon, Bluetooth will affect everything from how you listen to music to how you pay for the items you buy on your way home.

Bluetooth Peripherals

Already, it’s possible to transfer money digitally over Bluetooth. Merchants had been slow to adopt this technology because, for many, it means expensive adjustments they need to make to stay in compliance with the law. Now that the painful part is over, and smartphone adoption rates are up, Bluetooth technology is on the rise.

This has given way to several important peripherals, including card readers and mobile payment systems. Two devices might use Bluetooth and WiFi, so someone can take an order from a customer and process payment while the order is fulfilled. This would work well in restaurants, or in the retail sector. Imagine ordering a customized computer, or wardrobe, and having every piece hand delivered to you in the exact specifications you asked for. That’s the power of Bluetooth.

Digital Wallets

Another important innovation is the digital wallet itself. Bluetooth technology just helps provide the vehicle to make a payment, the wallets handle the encryption and actual movement of funds. Plus, these wallets are accepting and using a growing number of currencies. Soon, you might be able to travel abroad with little more than a smartphone and a passport.

Blog article submitted by Ted Dhanik. Also visit this video interview with Ted Dhanik.