Your mobile phone to be a point of sale in the future?

This is an interesting article and is heading our way fast!:More to come!

Visa, IBM make every connected device a possible point of sale

By Danny Parisi

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February 17, 2017

Visa is integrating its mobile payment platform with IBM’s IoT devices

Visa has partnered up with IBM Watson to bring its mobile payment system to all of IBM’s IoT-connected devices as consumers become more comfortable with the technology, driving mcommerce further into a futuristic era.
The partnership offers a unique opportunities for retailers by making almost any connected device into a potential point of sale. Visa’s latest effort reaffirms its commitment to taking payments out of the traditional setting and into a new mobile world.
“IoT is literally changing the world around us, whether it’s allowing businesses to achieve unimaginable levels of efficiency or enabling a washing machine to ensure we never run out of detergent. And behind this transformation are companies like Visa and technologies like IBM’s Watson IoT platform,” said Harriet Green, general manager, IBM Watson IoT. “This combination of IBM’s industry leading IoT technologies with Visa payment services, signifies the next defining moment in commerce by allowing payments on any connected object, with new levels of simplicity and convenience for everyone.”
Global mobile payments
In the years since the introduction of proper mobile payments, the payment world has only continued to change and evolve.

Mobile payments have exploded the longstanding conception of how transactions can work, showing that they do not have to take place in the same settings, under the same rules they always have.
Instead, mobile payments have shown that payments can go anywhere. Already we see waiters swiping diners’ credit cards right at the table with a mobile device, or Amazon dash buttons that let consumers quickly purchase a vital product with nothing more than a single button press.