Nike and Rtfkt use NFC to link physical clothing with NFTs

Nike and Rtfkt hoodies with NFC to link physical clothing with NFTs

Nike and its digital fashion brand Rtfkt have launched a hoodie incorporating an NFC chip that enables purchasers to connect it to a digital version of the garment in the form of a non-fungible token (NFT) that can be ‘worn’ by digital avatars in Rtfkt’s Clone X avatar ecosystem... More




What's New in Payments

One in two in-person Mastercard transactions worldwide are now contactless

Michael Miebach Mastercard CEO

One in two in-person transactions authorised, cleared and settled through Mastercard’s payment processing services worldwide during Q4 2021 were contactless, up from “approximately” one in three in the period prior to the Covid-19 pandemic, according to figures revealed at the card network’s Q4 earnings call... More



What's New in Payments

Japanese banks gear up to test digital currency

Japan Digital Currency Forum diagram showing aspects of the planned digital currency

A consortium of more than 70 leading banks, financial services providers and other businesses in Japan is to conduct a series of proof of concept (PoC) trials of a digital currency supported by commercial banks across a range of specific use cases with the aim of rolling the currency out by the end of the 2022 fiscal year... More