Pebble-backed Smart Strap wearable technology places a wallet on the wrist

The new wearables from Fit Pay could soon make it possible for people to pay for products with a flick of the wrist.

Owners of Pebble Time wearable technology devices may soon be able to take advantage of the convenience of contactless mobile payments among the other benefits of wearing their gadgets.

A Pagaré smartstrap Kickstarter campaign was recently launched by Fit Pay to make this happen.

The funding for this wearable technology would be used to support its final production and to be able to bring it to market. The Pagaré payment smartstrap has NFC technology embedded into it, as well as card network tokenization. In that way, it will be possible for these wearables to be read by any POS terminal with an NFC reader, which is quite commonplace at retail checkout counters around the world.

Essentially, if the NFC contactless payments symbol is displayed at a checkout counter, this wearable technology is compatible.

To use the smartstrap wearables, a user would simply need to wave his or her wrist over the reader terminal at the POS counter. In that way, the transaction can be completed and the wearer would never have to take out a wallet and swipe or tap a card. It wouldn’t even require a smartphone to be used, as is the case with other types of mobile wallet that have been trying to achieve widespread adoption over the last few years.

According to the chief exec at Pebble, Eric Migicovsky, “It’s a great example of how our open platform allows Pebble to become even more useful in the everyday lives of more people.” There are still a few weeks left to the Fit Pay campaign, as it will run until March 9 in order to bring in the $120,000 it requires from backers in order to get these wearables moving forward.

The company is currently working directly with the suppliers for Pebble in order to be able to provide the smartstrap wearable technology in exactly the same materials, finishes and colors as the Pebble Time, the Time Steel and the Time Round smartwatches. In that way, form will not be sacrificed to function.