How will we pay in the future? (Infographic)

We have already commemorated October 21st 2015, the date the protagonists of ‘Back to the Future II’ travelled to, in an article today. To carry on the theme of looking back and forward in time, the infographic below considers how payments have evolved from mere bartering to today’s biometric tech and mobile payments, as well as how payment technologies will continue to progress in the near future.

For example, Coca-Cola seems to be jumping on to the Apple Pay bandwagon by deploying 100,000 vending machines capable of processing the tech giant’s mobile payments.

In the world of cryptocurrencies, 2014 was a bad year for Bitcoin. Having opened the year at $770, the digital currency’s value dropped to $350 by mid-December, marking a drop of roughly 50 per cent.

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