Digital fashion house adds NFC chips to textile patches

Digital fashion house MNTGE limited edition physical patches which use NFC to link to NFTs

Digital fashion house MNTGE has released a range of artist-designed textile patches embedded with an NFC chip that enables wearers to link to the physical patch’s digital twin in the form of a non-fungible token (NFT) stored in a digital wallet with a tap of their smartphone... More










Hugo Boss adds NFC tags to baseball caps

Adding an avatar by scanning NFC tag in Hugo Boss baseball cap that link to NFT

Fashion house Hugo Boss has added an NFC tag to a range of baseball caps that enables purchasers to create non-fungible token (NFT) digital twins that they can use to dress avatars on the Ready Player Me metaverse platform... More


Japanese consortium to build ‘metaverse economic zone’ where avatars can authorise digital payments

Japanese gamified ‘metaverse economic zone’ graphic

A consortium of Japan-based financial services and technology providers is to develop a ‘metaverse economic zone’ where consumers will be able to create a digital twin or ‘auto learning avatar’, access digital experiences and authorise payments to merchants and service providers with a digital authentication credential or ‘multi magic passport’ (MMP)... More





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