You'll need to show your face to use ATMs in Macau
Macau, the gambling capital of the world, is upgrading all 1,200 of its ATMs with facial recognition cameras. According to Bloomberg, any user looking to make a withdrawal will need to enter their PIN and then stare into a lens for six seconds to verify your identity. The move is partly to improve bank security, but mostly to enable China to keep an eye on who's doing what with their cash, and when. The backstory here is that huge amounts of Chinese money flows out of the country without the consent of the government. Apparently, around $816 billion was expropriated from the land, both by private citizens and officials with their hand in the till.
Jun-29-2017, 16:25:02 GMT
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