Current Affairs - Business - Discussion

Ring One is an innovative smart ring created by Muse Wearables, an IIT-Madras-incubated startup. It merges health monitoring features with seamless contactless payment capabilities, making it a multifunctional wearable device. The ring utilises advanced tokenization technology to ensure secure transactions and includes a Secure Element chip for added data protection. By simply tapping the ring on an NFC terminal, users can make payments without carrying their phone, card, or wallet, offering both convenience and enhanced digital security in everyday life.