Now you don’t need a credit card just a ring can pay your all bills.
Maybe you’re not too interested in wearable technology. For you, jewelry is a fashion statement and rings are just a symbol of your love for your spouse. But according to Statista.com, this market will be valued at more than $4 billion this year and even more. If the wearable technology bug hasn’t bitten you yet then maybe
Token could be the piece of jewelry that changes your mind. The company behind it says this smart ring makes everyday actions faster and easier while keeping your private information even more secure. That is, until Token hits the market. It’s a biometric ring that can be used to open house doors, start cars, make credit card transactions and sign in to your computer. The good news is that its makers managed to get support from an impressive list of partners including MasterCard, Microsoft, Visa and HID.
Another intriguing application for Token is as a payment card for public transport, via a MasterCard partnership. By the end of the year, you’ll be able to tap on card readers to enter train and bus systems around the world.
Token worked well with sample card readers and card-payment terminals. You can add credit cards, login passwords and set up other profiles via a companion app, and afterwards, you won’t have to choose which transaction to authorize. The signal that is continuously broadcast (when you’re wearing the ring) can be interpreted by a variety of readers. Only one fingerprint can be assigned to each Token, as the company wants to prevent multiple users sharing such a personal product.
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