When it comes to digital payments, China is ahead of the Western world. The most recent face recognition technology has been introduced by Alibaba’s Ant Financial in collaboration with KFC.
Now the customers can confirm their orders with a single smile. Smile-activated vending machines would not even require the use of a smartphone, should the client be already signed into the system. However, additional smartphone verification is available for security reasons.
The technology was first introduced during IFA in Germany. At those times, more than two years ago, it was less advanced but has already demonstrated similar functionality. Collaboration with KFC is not a coincidence. Alibaba owns a portion of Yum China, the company that operates Kentucky Fried Chicken network in China.
Alibaba aims at successfully combining the best practices from both online and offline retail. Smile-to-pay can be the next step in a chain of innovative digital payment solutions introduced by the company.
< 1 min
Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.14
Trade-0.06% -
USD/JPY
143.69
Trade+0.56% -
GBP/USD
1.33
Trade-0.11% -
AUD/USD
0.64
Trade-0.04% -
GBP/JPY
191.24
Trade+0.44%
-
Shopify Inc.
97.16
Trade+1.52% -
Tesla, Inc.
284.06
Trade+8.05% -
NVIDIA Corporation
110.77
Trade+2.82% -
Amazon.com, Inc.
188.86
Trade-0.46% -
Apple Inc.
208.39
Trade+0.25%
-
Gold
3314.55
Trade-1.09% -
Crude Oil WTI
62.92
Trade+0.49% -
Gold-Gram
106.57
Trade-1.09% -
Crude Oil Brent
65.87
Trade+0.34% -
Silver
33.09
Trade-1.62%
-
US 100
19427.68
Trade+0.69% -
US 500
5528.3
Trade+0.44% -
GER 30
22352.35
Trade+0.9% -
US 30
40127.09
Trade+0.1% -
JP 225
36092.19
Trade+1.41%
-
S&P 500 ETF
550.55
Trade+0.73% -
UltraPro Short QQQ
31.65
Trade-3.67% -
Daily Junior Gold Miners Index
67.56
Trade+1.84% -
QQQ Trust, Series 1
472.56
Trade+1.22% -
Gold Miners ETF
48.81
Trade+1.04%
Your capital might be at risk
Related posts
IQ Option for Beginners: The Full Guide
IQ Option Promo Codes: Trading with Benefits
Is Trading on IQ Option Halal or Haram?
5 Trading Superstitions Fact-Checked
Trading Routine Checklist: Structure Your Day
5 Trading Strategies for 2025: Find Your Personality Fit
Market Overview: Big Winners and Epic Losers of 2024
7 Habits That Define Winning Traders
What should you learn next? Turn the wheel to find out!
