The Rise Of The Wearables

“Token” is the latest in the wearable technology trend that is starting to take the world by storm.

According to a recent Malay Mail article, the innovation is a bracelet that simultaneously connects to checking, Paypal and bitcoin accounts. Additionally, Token provides ‘personalized visualizations’ – like graphs – that force users to consider the consequences of any potential purchases on their overall finances before paying for them.

Created by the Seattle-based Artefact Group, the wristband is currently under development, but is expected to have just four options: “pay”, “give” (for transfers), “ask” (to request money) or “peek” (to check account stats), according to the news source.

“It’s not clear how it would work with EMV terminals (chip-and-PIN systems used pretty much everywhere but the United States),” reported Wearable Tech Insider. “The UI as presented is probably not perfect — and it requires some technology to be invented.”

Just last April, Apple launched its Wearable Technology Store, which is a subsection of its e-commerce portal. The new store will focus on wearable devices such as the Misfit Shine, Jawbone UP24 and Narrative Clip.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the February 2019 PYMNTS Digital Fraud Tracker Report

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