UK – Benjamin Hubert’s design agency Layer has collaborated with fintech start-up Trove to create a new digital wallet that offers a safer, more reliable way to store and use digital currencies.
Now in its prototype stage, the wearable device is made up of four parts: Coin, Keep, Safe and the Trove app. To access their data and funds on the Trove app, users must press their skin against the contact zone of the wearable’s Coin. This removable token contains a built-in ECG sensor that will recognise the individual’s unique heartbeat and use it as a mode of verification.
Trove is positioning its wearable security system as a level of reassurance for those that have experienced problems with accessing their digital currency. By using intuitive biometric data, Trove hopes to mollify consumers’ worries about hackers accessing their finds.
With the cryptocurrency rapidly growing in the retail sphere, brands must consider how to implement strategies across their businesses for accepting payments from consumers’ coin wallets.