Visa is hoping to drive a resurgence in interest for wearables by rolling out a payment ring allowing athletes at the Rio 2016 Olympic Games to make purchases by tapping the accessory against
any NFC-compatible terminal. Visa, the exclusive payments provider at the Paralympic and Olympic Games, is attempting to bring a sleeker spin to the wearable device market by opting to introduce a
simple ring instead of a more cumbersome bracelet or smartwatch. Although the NFC-enabled ring will only be available to Team Visa athletes in Rio de Janeiro, the product could offer inspiration for
other financial institutions seeking to innovate within smart devices.
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