In 2018, a Danish firm called BiChip released an update about its microchip implant. This chip uses Ripple’s own payment system. which means it doesn’t need to be connected to the owner’s bank account. Wearers should be able to store cryptocurrencies on the chip, and payments may be possible in the future. The bank tweeted,
Announcement: Bichip Microchip Implant is now implementing Ripple Payment systems in the product. This means that the microchip owners will not be needing to connect their microchip to their bank accounts anymore.
In the picture we can see banks, ripple connect which is connected in direct settlement with ripple network in the interledger protocol validators.
BiChip is an implantable passive RFID-NFC transponder chip with a smart thermometer for health monitoring through in-vivo body temperature monitoring, that can store identification and access control data like opening house and car doors, or checking in at work places, and various forms of contactless payment which require authentication processes.
The Danish company claims to be developing a technology that would allow bitcoin payments to be made simply by waving your hand over a reader. The aim of this company is that its human microchip implant will make sure your crypto-cash is always close at hand by storing it – literally – inside your hand. Other than payment, this chip will unlock the doors and log in to the computers.
Biochip tweeted about this in 2018 but again this August they shared a video with the chip implanted into human hand and we can see the guy performing different tasks using the chip.
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The Danish company itself didn’t came up with the idea but it was hired by the US Navy. The United States Navy had recruited the services of this Danish tech firm to design a microchip that will be implanted using the Ripple Blockchain. Catherine Austin Fitts who is the president of Solari INC the publisher of the Solar Report and a managing member of Solar Investment Advisory Services LLC, she explained that the US Navy hired the Danish team. Fitts says in a video uploaded by crypto investor Kevin Cage that she was allowed access to data on the US navy funding the firm to produce an implantable microchip that will be compatible with the Ripple chain, without revealing the company's identity.
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