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Your fridge will soon have a “payment capability”…
Business Insider reports Samsung Pay—a mobile payment platform designed for the Samsung Galaxy S6 phone—will become the basis for most folks’ appliance-based Internet transactions.
The new Samsung Pay service will let your fridge order replacement groceries for you. So when your milk gets low, a sensor sends a message to buy more. Then a service like AmazonFresh will deliver the new milk by the following morning. (Samsung already offers a $3,599 Wi-Fi-capable refrigerator.)
If this sounds like science fiction to you… you’ve never heard about the Internet of Things (IoT)… the next stage in Internet evolution.
Stage one was connecting everyone’s computers. Stage two is connecting everything else: refrigerators, washing machines, cars, clothing, jewelry, and so much more. And that’s why the IoT may be the largest mega trend of all time.
Consider the astronomical growth of the smart phone market… by 2020, 80% of the world’s population will have one. That’s 5.6 billion devices. But as you can see from the chart above, over that time, the IoT will grow to be five times larger than the global smart phone market.
Teeka Tiwari, editor of Mega Trends Investing, explains the enormity of the IoT—and how to earn triple-digit profits from it—in our next item…