The way in which wearables can be deployed in everyday life has created a positive alternative to traditional payment methods , visibly disrupting both the payments sector and making for more dynamic , interlinked economies .
Smith points out that this recent surge in contactless payments , driven in part by the pandemic , has created the ideal environment for wearable tech to become an everyday part of consumers ’ lives . “ The secure provisioning of payment credentials into a ring , a wristband , a fitness tracker or pretty much any accessory you can imagine , becomes as easy as a tap on a smartphone .”
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