Some people believe that having the little gadget inserted under their flesh allows them to leave their phone, wallet and keys at home as the chips can be computerised to open doors, carry unique serial numbers and can be read by any device.
Amal Graafstra - who provides the implants via his firm Dangerous Things - told the BBC: "We all carry with us keys, wallet and phone. These are major burdens, they are so important for modern life but everyone hates carrying them. With a simple implant that uses less energy and carries less risk than an ear-piercing, you can replace them.
"If someone could use an implant to get on the train, buy coffee, secure their computer, secure their data, get into their house, drive a car - all of these possible applications will compel a lot more adoption."
However, although the chip seems impressive, it's not so straight forward having it fitted and bio-hacker Lepht Anonym has admitted the procedure is actually quite painful.
She said: "The magnets in my fingers really, really hurt. They hurt so much that your vision goes white for a bit. Really, really painful."
But she added: "The bio-hacking community is a co-operative. It is about improving the quality of life for people but in a practical way."
However, Andreas Sjostrom - who had an implant fitted in 2015 which allowed him to download his airline ticket - doesn't think it's very hygienic.
He explained: "In order for this to be widely used or adopted it has to improve on the current situation.
"The hardware that reads such chips is designed for a flat surface such as you'd find in a card. And, if everyone is pressing their hands on the reader, that is less hygienic."