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A New Payment Method is Being Developed Using Smartwatch Technology

 - Apr 25, 2014
References: samsung & fastcompany
PayPayl and Starbucks are pioneering a new wireless payment system using smartwatch technology. As smartphone payment is becoming increasingly popular in the mobile world, it is understandable the future of smartwatch technology will go the same way. In light of gadgets like the Pebble smartwatch, which allows text messages to go to your wrist watch, other crossovers between phones and watches can be expected.

This pilot payment system will pair Bluetooth Low Energy beacons with Samsung Galaxy smart wearables. No cell phone will be required. Starbucks's mobile app also already has a user friendly payment option, so the pairing makes sense. While no date has been released, a public relations representative from PayPal noted they have enjoyed working with Samsung thus far and look forward to the larger roll-out.