Fintech gifts: technology innovations used for making presents

29 December 2017

The holiday shopping period is one of the most difficult seasons during the year, as customers are scratching their heads over what kind of gift they may choose to surprise and please their families and friends. As it appears, fintech enthusiasts and companies have a lot to offer to consumers fond of smart devices, cryptocurrencies and electronic commerce. Here is our quick-look of some interesting fintech gift ideas for this holiday season.

Cryptocurrency wallet

For those of your friends or family members who show much interest in cryptocurrencies, a physical wallet that could protect their funds against theft may be a very good gift. There is a range of manufacturers offering their wallets in the market today. One of them is Ledger Nano S, a wallet considered as one of the cheapest hardware wallets currently available. Its price is 75 euros.

Ledger Nano S wallet features a screen and buttons required to confirm the transaction performed with the cryptocurrency. It has special security technology that protects users even if they connect their wallet to a computer infected with malware preventing hackers from stealing money out of the wallet. If the wallet is lost, after three attempts to enter the PIN code all data on the device is automatically deleted.

Smartwatch

Smartwatch

This topic is not new for users who already make payments from their NFC-enabled wearables such as Apple Watch. You may, however, consider Garmin Pay as one of the smartwatch contactless payment options for a gift to your loved ones. Garmin Pay is a solution for performing transactions on any supported smartwatch manufactured by Garmin, including Vivoactive 3.

Using Vivoactive 3 smart device customers may perform transactions even if they forget their wallet or a plastic card at home. Vivoactive 3 smartwatch starts from $269.99 and it can be used to tap over the payment terminal for completing payments at any participating location. Garmin Pay currently supports cards from these banks: Visa card from ANZ bank, Mastercard and Visa cards from Bank of America, Mastercard and Visa cards from Capital One, Mastercard and Visa cards from U.S. Bank and many more banks across other countries, including Europe. Payment functionality of Vivoactive 3 on the platform of Garmin Pay is similar to that of Apple Pay and Android Pay. It is powered by FitPay, a technology developed by a San Francisco-based provider of contactless payment solutions.

CryptoKitties

CryptoKitties

While this gift cannot be taken as some practical thing, it can still be a nice present to those, who like cryptocurrencies like Ethereum. CryptoKitties are nothing more than just an electronic game based on the blockchain platform, just like Pokemon or Tamagotchi. Kitties may be bred and they may grow to give birth to new generation of digital animals with the genes carried in a 256-bit unique genome transferred to a new offspring.

The game was launched this December as a way to introduce some fun into the cryptocurrency world. While the digital animals are not considered as a cryptocoin, they may go well as the one. On December 2 the highest price given for a kitty was 246.9255 ETH (~$117,712). The game was developed and presented by a Canadian developer company AxiomZen. All kittens are claimed to be unique with no copies possible to create. Kitten’s price may vary depending on the market dynamics: either growing or dropping in value, and, thus, may be traded the same way users trade cryptocurrencies.

CryptoKitties

Samsung Family Hub Smart Refrigerator

Fintech and electronic commerce now come to the household appliances of people in the United States. If someone you prepare a gift for, wants a smart fridge that may plan budget for food, trace how much food stuff is left and what should be bought, then this appliance will be right thing for them. Samsung has partnered with Mastercard and a number of grocery stores over supporting electronic purchase of items from those stores right from the screen on the fridge. People may add their food stuffs to the list and confirm their orders by entering a PIN code. Besides, the fridge from Samsung also learns habits of family members and based on AI generates its own suggestions for what should be bought next.

Samsung Family Hub Smart Refrigerator

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