Carrying cash or credit card while jogging or playing is pretty difficult, especially the athletes whose clothing don’t really come with a lot of pockets and wallets. However, it looks like your days of pain are coming to an end. NFCRing Inc. has unveiled world’s first EMVCo compliant payment ring that lets you carry your money prudently on your body. Based on a contactless security chip from Infineon Technologies AG, this smart, little wearable ring works like a contactless payment card, which is safer than walking around with wads of cash.
“The Infineon security chip is the only solution available on the market, that allowed us to realize the NFC payment ring while still meeting EMVCo’s toughest contactless performance requirements,” said Shelly Silverstein, Chief Operating Officer at NFCRing Inc in a post. “NFC Ring users now have a secure and convenient, payment experience with a fashionable accessory in an attractive design.”
If you love the idea of this amazing fashionable payment ring, you can grab one for yourself now. Aptly released only for the athletes taking part in the Rio Olympics 2016, this ring is now available for everyone thanks to Visa. The ring is now available for pre-order at £39.99 on NFCRing’s website.
It works quite the same way as your phone. Just bring your ring close to the NFC terminal for it to register. Once the setup is done, you don’t even have to carry your phone as the ring creates its own anonymizing tokens. It means this is a subtle option for you than any other payment option.
This payment ring is expected to start shipping to customers in December 2016.