Unlike some contactless payment wearables that have transaction limits, Armillion created an ultra-luxurious design that may be used for purchases of up to £1m, or about $1.3 USD. An extremely limited number of the Armillion Adamontos bracelets are being created—there will only be 10 available to buy, which cost £60,000 themselves. Part of the high cost of these wearable bracelets can be attributed to the fact that there are over 250 diamonds that decorate the opulent wristband.
As well as being able to help its owner pay for a variety of high-end goods with the swipe of their wrist, the Armillion Adamontos also promises to add value to one's life by being compatible with home and vehicle security systems for keyless entry.
Diamond-Studded Payment Wearables
Armillion's Contactless Band Supports Payments Over $1 Million
Trend Themes
1. Ultra-luxurious Payment Wearables - Disruptive innovation opportunity: Develop high-end payment wearables that cater to ultra-wealthy consumers and offer unique features.
2. High-value Contactless Transactions - Disruptive innovation opportunity: Create contactless payment solutions that allow for large transactions, providing convenience and security to customers.
3. Integration of Wearables with Security Systems - Disruptive innovation opportunity: Combine the functionality of payment wearables with home and vehicle security systems for seamless and convenient access control.
Industry Implications
1. Luxury Goods - Disruptive innovation opportunity: Explore the intersection of luxury goods and technology to create innovative and exclusive products for high-end customers.
2. Payment Technology - Disruptive innovation opportunity: Develop advanced payment technologies that enable secure and seamless transactions, catering to diverse consumer needs.
3. Home and Vehicle Security - Disruptive innovation opportunity: Integrate wearable technology with security systems to enhance access control and simplify user experience.