MuchBetter has developed a contactless payment ring
MuchBetter has unveiled a new solution for contactless payments. The company has developed a ring for carrying out contactless transactions. The company aims to make transactions as convenient and easy as possible for consumers.
Accessory advantages
The developer is offering the MuchBetter ring to its customers free of charge. It links to a digital wallet that enables the functionality. To start using the product, you need to top up your account with 100 euros. This amount is due to the company’s desire to stay ahead of the competition. Most of the time, such products cost more than 100 Euros. MuchBetter has decided to reduce this price.
The advantages of the ring:
– it is a fully-fledged means of payment;
– the device allows you to make payments anywhere in the world;
– it is available for all terminals that support Mastercard cards.
The payment process is instantaneous as soon as the ring contacts the terminal.
The procedure for obtaining the device is as simple as possible. All you have to do is place an order on the developer’s official website. In addition to your contact details and delivery address, you must specify the ring size in the form. Once registered, you must pay for delivery, around €6. An application on a smartphone activates the device.
One of the advantages of the ring is that it does not require recharging like a smartwatch or phone. It is also waterproof and does not require any special maintenance. It allows you to:
– recharge your account at any convenient time;
– receive account status and transaction alerts;
– view transaction history and analyse spending;
– suspend the ring in case of theft or loss;
– get the information you need without going to the bank.
Internet of Things technologies underpin the ring. In addition to carrying out transactions, it can also serve as a means of confirming identity. In this case, the tokenisation process guarantees the security of the transactions. As a result, all of the owner’s data is stored securely and does not fall into the hands of third parties.
Company plans
The device is one step in implementing MuchBetter’s strategy. The company wants to improve the accessibility of digital payments, so the developer is creating flexible conditions and a wide range of payment methods.
Initially, the ring will be available in Italy. After that, the company will start delivering it to the UK, Germany, Ireland and other countries. Over time, users across Europe will be able to appreciate the convenience of MuchBetter’s product.
The company is expanding its partner network to extend the ring’s capabilities. According to the developer’s representatives, this solution can start the industry’s transformation and prove that advanced technology can be accessible to a wide range of consumers.
