Visa's Visa Ready program allows hardware partners to integrate secure, tokenized payment capabilities into their own networked devices. Visa said that this technology will first be applied to wearable devices and cars, and they have also established and established relationships with vendors such as Chronos, Coin, and Pebble. Last year, the well-known watch brand Swatch partnered with Visa to add NFC-based payment functions to its own line of analog watches.
MasterCard's plans are similar to those of competitors. They are currently working on a company called Wise Key to integrate payment technology into fashion products such as handbags or watches. Coin is also a MasterCard hardware partner and intends to integrate the latter's tokenization system into its own devices.
The payment methods that consumers can use nowadays are very rich. Whether it is cash, credit cards, mobile phones or smart watches, whether it is really more convenient to use clothes or other wearable devices to make payments? This is hard to say. However, Visa and MasterCard credit card companies seem to have decided to open up this area. It seems that our life is more convenient.
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