SOLVING THE VR PAYMENTS PARADOX
77 the COVID-19 pandemic and ensuing lockdown .” However , if VR and AR are going to operate as successful stand-ins for physical experiences – and compete with traditional shopping experiences – then the integration of payments into the process is going to be essential .
SOLVING THE VR PAYMENTS PARADOX
Going into the future , a baffling contradiction still exists : VR and AR are unquestionably on the rise , and all predictions point towards the technology becoming as important a part of our daily lives as the car or the cell phone . However , examples of companies actually pushing AR and VR together with payments and towards the mainstream seem to be getting rarer . Mastercard is using VR and AR as more of an educational tool for their customers to learn about its other services . The VR retail launch that received the most attention in the last year is yet another high-end fashion stunt . The potential is undeniably there , but the creation of things like showrooms and online shopping malls – and their subsequent lacklustre impact on ecommerce
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