Lord of the Ring: Mobile payment at your fingertips

Ever wanted to pay your restaurant tab by waving your finger in the air? Well, a startup in Japan is developing a "ring" worn on your index finger that connects via Bluetooth to your smartphone and sends the payment electronically, explains a report by BBC News.

The ring, made by Logbar, could also control apps on smartphones and tablets by moving the finger in a particular way. It can also be used to turn on a TV or light simply by pointing at the object, the report notes.

"We noticed that people were looking for a new way to communicate, so we created Ring," Takuro Yoshida, Logbar's chief executive officer, tells the BBC. Yoshida explains that he designed the ring to look as "cool and fashionable" as possible.

Much of Japan's startup industry is focused on developing wearable technologies. A startup named Telepathy has developed a headset that connects to a smartphone and distributes live images and sounds of what the wearer is seeing and hearing.

"Frequently described as a competitor to Google Glass, the headset holds a camera and a display screen in front of one eye. Secured to the head via earphones which deliver sound, users can also receive images or check messages on social networks," the report explains.

Telepathy expects its headset to be available in the U.S. market this year and globally next year.

Japanese startup IQon has developed an app to enable people to browse clothes from different stores to put together different looks. IQon founder Yuki Kanayama says that he has trouble recruiting Japanese workers because they are reluctant to work for startups.

"Japanese people don't want to be different from others; they want to work for Sony, Toyota and Google, instead of start-ups. The number of entrepreneurs is too small in Japan," Kanayama tells the BBC.

For more:
- check out the BBC News article

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