Wave Your Hand to Pay for Coffee through Bitcoin? Meet the MEVU Wristband
by
Ashton Fraser
Wearable technology has been growing in popularity and demand over the past few years, from clothes that automatically heat up when it gets cold, to perhaps the most distinctive example of wearable tech - Google Glass. And whilst everyone's waiting for the much rumoured Apple iWatch, Samsung has in the meantime already released two iterations of their Galaxy Gear smartwatch, albeit with mixed reviews so far, most notably the pretty poor battery life. Having to charge a watch every night can be rather irksome.
Point being, the wearable tech industry is burgeoning, and fast, and with digital currencies' popularity also rising rapidly, it makes sense to combine the two.
The result? A wrist band or bracelet that allows one to purchase items via Bitcoin. Designed by MEVU, a wearable technology startup, the bracelet works by simply waving or flicking your wrist in order to make a payment. MEVU have uploaded a video on to Youtube to show how it functions:
https://www.youtube.com/watch?v=DK6pUfTe_6Y
I have to admit it looks pretty cool. They further explain,
"At MEVU... we have taken the best of wearable gesture technology and bitcoin's microtransaction capability to allow payment to be done with a simple gesture in the air. This will allow you to buy a cup of coffee without the need to take out your wallet, you just have to perform a simple airsign with our device. Imagine that you are driving out from a parking lot, and while you are approaching the payment facility you just make a gesture with your hand to make the payment, and you can do this without even lowering your car windows."
The wrist band integrates with Coinbase's wallet API, and uses Bluetooth Low Energy (BLE) to communicates with a point-of-sales (POS) device. BLE is already used on many mobile devices / tablets, so theoretically the infrastructure is already in place.
MEVU will start accepting pre-orders next month for the wristband.
Wearable technology has been growing in popularity and demand over the past few years, from clothes that automatically heat up when it gets cold, to perhaps the most distinctive example of wearable tech - Google Glass. And whilst everyone's waiting for the much rumoured Apple iWatch, Samsung has in the meantime already released two iterations of their Galaxy Gear smartwatch, albeit with mixed reviews so far, most notably the pretty poor battery life. Having to charge a watch every night can be rather irksome.
Point being, the wearable tech industry is burgeoning, and fast, and with digital currencies' popularity also rising rapidly, it makes sense to combine the two.
The result? A wrist band or bracelet that allows one to purchase items via Bitcoin. Designed by MEVU, a wearable technology startup, the bracelet works by simply waving or flicking your wrist in order to make a payment. MEVU have uploaded a video on to Youtube to show how it functions:
https://www.youtube.com/watch?v=DK6pUfTe_6Y
I have to admit it looks pretty cool. They further explain,
"At MEVU... we have taken the best of wearable gesture technology and bitcoin's microtransaction capability to allow payment to be done with a simple gesture in the air. This will allow you to buy a cup of coffee without the need to take out your wallet, you just have to perform a simple airsign with our device. Imagine that you are driving out from a parking lot, and while you are approaching the payment facility you just make a gesture with your hand to make the payment, and you can do this without even lowering your car windows."
The wrist band integrates with Coinbase's wallet API, and uses Bluetooth Low Energy (BLE) to communicates with a point-of-sales (POS) device. BLE is already used on many mobile devices / tablets, so theoretically the infrastructure is already in place.
MEVU will start accepting pre-orders next month for the wristband.
Australia Gears Up for Bitcoin ETFs: ASX Leads the Charge
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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