Kerv, a startup that launched a ring for NFC-powered transactions on Kickstarter in late 2015, announced Wednesday at the annual Wearable Technology Show in London that the device is now up for sale on the company’s website.TechRadar reports that the launch is a U.K.-only affair for the moment, with the United States and Australia to follow if everything goes according to plan. The ring retails for 100 pounds — the equivalent of a little more than $120 U.S. — and is available in 14 different color combinations.The brainchild of Philip Campbell, London-based Kerv touts itself as the “world’s first contactless payment ring.” Following recent M/Chip certification from Mastercard, the device is compatible with millions of terminals worldwide that support the credit card company’s proprietary technology, and is issued alongside a Mastercard prepaid account into which funds can be deposited and withdrawn.Kerv works by way of its Near Field Communication (NFC) payment chip, which is embedded in the ring and activated “when brought close to a contactless reader — at retailers, in taxis, or on public transport.” It’s the same way you would pay with services like Apple Pay and Android Pay.This means that in the same way that you can now tap your credit card in the U.K., you can… Read full this story
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