NFCRing has produced an internet - compliant payment ring using contactless payment chips from Infineon Technologies . The small , waterproof ring works like a contactless payment card and allows users to carry money on their finger as a wearable smart ring . users can make payments by holding their finger close to an existing contactless - enabled payment terminal . The ring uses NFC technology to exchange data over short distances .
NFCRing has produced an EMVCo-compliant payment ring using contactless security chips from Infineon Technologies. The small, waterproof device works like a contactless payment card and allows users to carry money on their finger as a wearable smart ring. Users can make payments by holding their finger close to an EMVCo contactless-enabled payment terminal. The ring uses NFC technology to exchange data over short distances.