News

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 Amazon.com e-commerce portal. The new store will focus on wearable devices such as the Misfit Shine, Jawbone UP24 and Narrative Clip.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

——————————–

Latest Insights: 

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

1 Comment

TRENDING RIGHT NOW

To Top