Forget Swiping!

Swiping Debit or Credit card is a common way me do payment. Digital transaction helps consumers to pay without worrying about cash. People who are using multiple cards face a lot of problem, in managing it, as there is no platform that can provide a single channel to use all at once.  But a US based Startup, X Lab is working on a new digital wallet called Spendwallet. Very different compared to whatever digital payment we are using, this device can keep all the debit/credit cards at one place. It is also compatible with various payment machines.

Spendwallet is a popular project on IndieGogo, backed by 598 backers and has raised approx $77,000. It is a device with a dedicated Smartphone app. You can save all your cards with the help of spendwallet reader. It is a tiny device, with 3.5mm audio jack. Users can save all the cards in it and later use it for making payment at various outlets. You can connect it with Bluetooth to check all the details of device.

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Spendwallet cost around $99. It is capable of holding upto 20 cards in it. Developers have made it compatible with existing card machines. There is no need to carry any additional gadget to use it, or subscribe to third party payment system. Spendwallet user’s 256 bit encryption to keep the data saved.  In case anyone loses the wallet, to have a self-destruct feature. It wipes out all the data keeping it safe from intruders. Spendwallet is ideal device for those who find tough to manage multiple cards.

Takeaways:

• Spendwallet is a portable electronic wallet device, which can hold up to 20 cards in it.
• It can be used with card machine to make instant payment. No swipe needed.