Wearable technology has become popular in recent times. Watches, sunglasses, and even clothing are smart devices that are tech-enabled observed Bahaa Abdul Hussein. They can be used for various purposes including monitoring health and improving productivity. Wearable devices are now being used as digital wallets for increased convenient. We look at how this is being implemented.
Wearable technology
Wearable technology refers to the use of devices or accessories that can be worn on a person’s body. The most popular wearable device is the smartwatch. Glasses, rings, belts, and jackets are other examples of wearables. These wearable devices can be easily used as digital wallets to help users carry out transactions through their bank account.
How wearable devices can be used as digital wallets?
Let’s first look at the different types of wearable devices that could be used as digital wallets.
- Watches: Watches and fitness trackers can have NFC or Near Field Technology enabled in it. This feature allows the device to communicate with other devices to make payments. Contactless payments become easy through watches and fitness trackers.
- Rings: A user can wear a ring or even a bracelet that is technology-enabled. The ring and bracelet can be used to connect to other devices to make payments. You can do it just by waving your hand, it is that simple.
- Smart glasses: When you wear a smart glass, it can have NFC enabled on it. You can scan a QR code using your smart glasses and make payments easily.
To use the wearable device as a digital wallet, it must first be linked to a bank account. It is also possible to link it to a credit card. The wearable device would have NFC or other such technologies to communicate with the payment terminal. Once the link is established, the payment can go through seamlessly.
Other than NFC, RFID or Radio frequency identification is another useful technology for making payments. Another simple and effective technology is the use of scanners in the wearable. It can be used to scan barcodes or QR codes to make payments.
Conclusion
Wearable technology was adopted for its health benefits. Now users can experience additional benefits like using them for making payments. With the right configuration, wearable devices can be used like digital wallets helping users carry out transactions easily. From watches to rings, there are different wearable devices that you can consider using. With advances in technology, we can expect more user-friendly features to be added in the days to come.
The blog has been authored by Bahaa Abdul Hussein and has been published by the editorial board of Fintek Diary. For more information, please visit www.fintekdiary.com
