Token has launched the presale for its biometric-based wearable electronic ring that can allow its users to make wearable payments, power up a computer and part doors — all by simply waving a finger.
According to news from TechCrunch, the ring is integrated with Mastercard, Microsoft, Visa, HID, FitPay and the FIDO Alliance and uses a combination of a fingerprint sensor and an optical proximity sensor to ensure that a user’s credentials can’t be accessed by a third party.
The ring pairs with most credit cards, its own electronic lock, many car ignition systems, passwords, transit cards and even corporate access cards.
“The way we prove who we are is broken. Token allows you to prove who you are — from your front door to your office to the grocery store — while simultaneously protecting your information with advanced cryptography,” said Token Co-Founder and CEO Melanie Shapiro in a statement.
The electronic ring only works when it’s worn by a user who verifies their identity with a fingerprint scan in the morning and then with a series of gestures throughout the day. When the ring is removed, Token’s proximity sensors lock credentials and will only reactivate when the fingerprint of the original user is detected.
The ring retails for $249, but when paired with the Token locking system, the package goes up to $349. A package including the lock and the ignition detection hardware sells for $399. The ring is available in three finishes, with the black and rose gold finish adding $50 onto the price of the ring.
Every ring has a battery that should last for two weeks before recharging; an inductive charger is included with the purchase. The rings are also waterproof up to 50 meters.