Friday, December 11, 2009

VeriChip and Credit Monitoring Merge -Keep an Eye on this!

First things first…what is VeriChip?

VeriChip is the FDA approved implantable RFID microchip (meaning it could be implanted it in humans for purposes deemed practical) (read more Wiki & their website),

VeriChip has now merged with Steel Vault, which means the microchipers are now involved in economic regulating endeavors including credit monitoring, identity theft protection, and who knows what else may come along!? This is a slippery slope to the end of individual privacy. Mark Rotenberg, executive director of the Electronic Privacy Information Center in Washington said “You have to anticipate over time there will be an attempt to integrate the services” (of the implantable chip and economic related business). Read the entire article here.

It is what it is…and the potential this movement could pave the way to the future cashless society and one world currency are likely in my opinion.