] "The objective of this technology is to bring an ID
] system to a global level that will destroy the need to
] carry ID documents and credit cards," Chase said.
]
] During a recent American radio interview, Chase said the
] CEO of VeriChip, Dr. Keith Bolton, had told him that the
] company's goal was to market the VeriChip as a global
] implantable identification system.

This doesn't appear to be a hoax.

Don't these people understand how easy it is to break the security of this?

WorldNetDaily: Paying for drinks with wave of the hand