A number of companies are developing NFC based payments systems, like Google with their Google Wallet, and the majority of these systems use smartphones, and now another company has come up with the idea of using your watch you make cashless payments.
RumbaTime is developing the RumbaTime Go, which is a watch with an NFC cashless payment chip built in, and the device also acts as a medical id bracelet in case of emergency.
Our goal with the GO was to create something that fit within our general philosophy – that is to make an eye-catching design that is comfortable, cool and affordable. Our watches make great conversation pieces and this one is no exception! The band is made of medical grade silicone and stretches comfortably onto your wrist. It comes in 3 sizes (160mm, 180mm and 200mm), one of which will fit virtually every wrist out there, and seven colors. We designed a custom digital movement for the watch that incorporates the date, time, stopwatch and backlight into a relatively small case that is water resistant to 5 atm.
The project is being funded over at Kickstarter, and the creators of the device need to raise $20,000 to put the RumbaTime Go into production, and the watches are expected to retail for around $35.