Digital currency has hit the mainstream. Using cash for payments seems to be much less of an occurrence that ever. Our smart devices enable us to pay for things with just a tap of our phones. Now with the push of smartwatches, we are starting to see new ways of using technology to collect and transmit data to interface with our world.
There are already many smartwatches out there on the market that have been used to capture biodata to interface with smartphone applications. Now we are starting to see smartwatches process payments.
Maybe this wasn’t that much of a surprise. Maybe Dick Tracy knew all also that smartwatches were the future when he was using it as a two-way transmitter.
How does a smartwatch process payments? Well, there are several ways but one of the new ways is via NFC. According to Wikipedia, “Near-field communication (NFC) is a set of communication protocols for communication between two electronic devices over a distance of 4 cm (1?1?2 in) or less.[1] NFC offers a low-speed connection with simple setup that can be used to bootstrap more capable wireless connections”.
A UK based payment company (Muchbetter) has partnered with a Swiss watch manufacturer (Winwatch) to integrate smart payments via NFC into the high-end swiss watches. Contactless payment might be something that catches even more now than ever. You can buy the Winwatch from the website below.
https://www.winwatchtrade.com/screen/overview/
Read more about MuchBetter here:
https://muchbetter.com/en/winwatch/
https://www.wareable.com/wearable-tech/smart-payment-glass-swiss-watch-7939