Purewrist unveils contactless bracelet

American startup PureWrist has unveiled a silicone bracelet that contains an embedded NFC cost chip to make contactless payments at stores.

Purewrist unveils contactless bracelet

Licensed by MasterCard and issued by Sunrise Bank, the PureWrist bracelet uses a mini pre-paid MasterCard debit card, called Gratitude.

Funds are loaded through a simple online platform that allows seamless tracking and management of your Gratitude account.

All funds deposited on to the Gratitude card will be stored in an FDIC-insured account, where users can easily check their balance and reload funds.

Bracelet will be available at cost of $40 and the company will charge a monthly subscription fee of $4.99. The device is scheduled to ship this September.