New York City is looking to add smart chip technology that can be used in the city's municipal ID cards. The smart chips would enable the cards to store and spend money.

New York City’s official municipal identification card program, IDNYC, has nearly 1.2 million cardholders.

New York City's chip-enabled ID card will also function as a primary ID that cardholders can use to open a bank account. It can also be used as a payment method for goods, services, and public transit fares.