MasterCard have started a new program that will turn every mobile or any portable device into a payment device. The program will bring us a possibility of paying via MasterCard on various devices – From smart rings and smart keychains to connected bracelets and clothes.
The company had started this project in cooperation with fashion designers like Adam Selman, also with General Motors, manufacturers of Nymi smart bracelets, Ringly, company manufacturing smart networked jewelry, creators of TrackR Bluetooth locator for other devices and many others.
Devices with support for new MasterCard program will be sold during 2016, first in America than in the rest of the world.
How is it going to work, well, check it out in the video: