MasterCard contactless payments are to be embedded in a luxury smart watch developed by Bulgari and set for worldwide release before the end of the year.
Utilising WISeKey cyber security technology, the alliance between Bulgari and MasterCard will enable Diagono Magn@sium “intelligent” watch owners to make payments at the more than four million retail locations in 74 countries globally that accept MasterCard contactless transactions.
The secure access functions allow watch owners to unlock the BVLGARI Vault Application, that protects personal digital assets by storing encrypted replicas of them in a secure cloud buried in a Swiss military bunker, somewhere in the Alps.
Additional secure access functions planned by Bulgari include the ability to open select automobile doors, Bulgari hotel doors and other participating partners’ products.
Jean-Christophe Babin, CEO of the Bulgari Group, comments: “We believe that technology and craftsmanship can be artfully combined to deliver a valuable and unique benefit to our clients without compromising the integrity of a timeless mechanical luxury watch."