With the rise of wearable technology and the trend of bitcoin, we guess we can’t say we’re too surprised that eventually both their paths would cross and the result is a bracelet-like device that is being made by a startup called MEVU. According to the company, they claim that the device will be the first wearable bitcoin wallet that will be able to make payments via gestures. The device will be powered by Coinbase’s wallet API and will allow the wearer to send bitcoin to another person simply with a flick of the wrist.
Wearable technology startup MEVU has announced the first wearable bitcoin wallet that tracks movement in order to make payments. Users of MEVU’s proof-of-concept bracelet – which is powered by Coinbase’s wallet API – will easily be able to send bitcoin with just a flick of the wrist. Apurv Mishra, CEO and co-founder of MEVU, said that the use case for the company’s wearable wallet is for small transactions such as tipping, whether in BTC, altcoins or perhaps even something else: “If we use bitcoin or any other currency, if it has the facility for tipping, I think that’s what people would want.” The idea came from his fascination with community-based payments that are powered through software like Dogetipbot.
