VISA Launches Cashless Pay At 2016 Olympic Games

Saturday, June 4, 2016
By Paul Martin

By Derrick Broze
ActivistPost.com
JUNE 4, 2016

Visa will launch a new cashless pay system exclusively for athletes at the 2016 Olympic games in Rio, Brazil.

When the 2016 Olympic games begin in Rio, Brazil this August, employees and partners of Visa will debut a new method of cashless payment. Visa has designed an as of yet unnamed wearable ring that will allow the user to pay for purchases without a card, wallet, or cellphone. EndGadget reported on the recent development:

The unnamed band is pretty simple in design. The interior contains a secure microchip from Gemalto and an embedded antenna; the exterior is simply a black or white ceramic loop. The addition of any kind of decorative metal or dye would interfere with the antenna. It also won’t be custom-fitted but, with 20 sizes available during its trial run, most testers should be able to find a good match. That initial group includes employees and partners, but most notably the 45 athletes sponsored by the payment provider, including swimmer Missy Franklin and fencer Ibtihaj Muhammad.

The Rest…HERE

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