Contactless payment wearables that take the form of rings or watches rely on a person to remember to put on an additional accessory before they go out the door, meaning that one's payment system could be just as easily forgotten as a phone or a wallet—DressCode's CashCuff concept offers a seamless solution that's built right into a shirt.
CashCuff introduces a contactless payment module to a shirt that can be controlled with an online app. The contactless cuffs give the wearer the power to easily make payments, monitor their usage and turn the payment chip on and off as needed.
While CashCuff is still a concept, DressCode aims to launch the function later this year and showed a demonstration of its idea at the recent Cambridge Tech and Beer event.
What's Driving This Trend
- Contactless Payment Wearables
- DressCode's CashCuff addresses the inconvenience of people forgetting their payment systems at home.
- Fashiontech
- DressCode's CashCuff merges technology into fashion to enhance consumer convenience.
- Mobile Payments
- DressCode's CashCuff adds another convenient option to the growing trend of mobile payment systems.
Who This Affects Most
- Fashion Industry
- DressCode's CashCuff is positioned to disrupt the fashion industry by making clothing more than just a style statement, but also a functional one with embedded payment technology.
- Banking Industry
- DressCode's CashCuff offers the banking industry new opportunities to create partnerships with wearable technology companies, while helping them to better serve their customers.
- Smart Clothing Industry
- DressCode's CashCuff is a prime example of how wearable technology, specifically smart clothing, is becoming more common, providing potential for innovation and growth in the industry.
