Unveiling the Impact of NFC Chips in North America’s Digital Transformation Journey Near Field Communication (NFC) chips are playing a pivotal role in North America’s digital transformation journey. As the world continues to embrace digitalization, these tiny yet powerful chips are revolutionizing various sectors, from retail and healthcare to transportation and beyond. NFC chips are a type of radio frequency identification (RFID) technology that allows two devices to communicate when they are in close proximity. They are embedded in a wide range of devices, including smartphones, credit cards, and even passports, enabling contactless transactions and data exchange. In the retail sector, NFC chips are transforming the shopping experience. They are the driving force behind contactless payments, a trend that has gained significant traction in North America, particularly in the wake of the COVID-19 pandemic. According to a report by the U.S. Payments Forum, contactless payments accounted for 30% of all in-store transactions in the U.S. in 2020, up from just 2% in 2015. This surge in contactless payments is largely attributed to the convenience and safety that NFC technology offers, allowing consumers to make purchases without physical contact. Moreover, NFC chips are also making their mark in the healthcare […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
