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Payments are just a Tap away ; #bpay wearables now available on payinfashion.com!
Payments are just a Tap away ;
#bpay wearables now available on payinfashion.com!
payinfashion.com – the World’s first e-commerce platform for tokenized payment solutions and accessories explodes into action at Fintech Surge 2022
BIO-IDZ, an official Gold Sponsor at the recently concluded Fintech Surge 2022 (Dubai), created history, with the much anticipated launch of payinfashion.com – a one-of-a-kind ecommerce portal dedicated to a breathtaking connection of payment wearables from rings, bracelets, pendants to watches.
The Fintech Surge launch of the e-commerce platform was received with immense enthusiasm from the large contingent of young audience, who immediately saw the significance and future potential of such a resource.
Alex, an IT enthusiast and startup founder, who visited the BIO-IDZ Pavilion for the launch spoke about why smart payment accessories like the ones available on payinfashion.com will be so sought after in the years to come. “Today more than ever, we live in a world of integrated technology and smart accessories. I remember just a few years ago, IoT was the big ‘buzzword’, while today, we are already talking about using biometrics in ways other than identification and security. I have already had a lot of people show interest in owning and using such devices, but payinfashion.com now makes it possible to purchase them at one source. I will be keeping a very close eye on the fortunes of this exciting company.”
During his keynote speech on the final day of the event, BIO-IDZ CEO and Founder, Ranjith K Shyamaladas was asked how he came up with the idea of re-branding payment accessories as Fashion Tech. “I would like to think of myself as a futurist. I believe very strongly in innovation and that is one of the foundational pillars behind our company – in fact I would go far as to say that it is this desire to inspire innovation that birthed payinfashion.com. Ultimately, what is Fashion but Innovation? We are living in some very interesting times, where roughly one-third of our population (the youth) are what we refer to as Digital Natives. This is a generation which is perfectly suited to living almost their entire lives online. So in the not very distant future, we will be speaking of entire lifestyles in the Metaverse. This is where I see the next big jump in fashion ! ”
Indeed techies from across the world seem to resonate with this sentiment. Fashion labels have been entering the Metaverse in record numbers and smart payment accessories will be the next to follow. With NFTs already a sought after commodity among speculators and futurists, smart tokens will be the “must have accessories” for the ‘Denizens of the Metaverse’.
Fintech Surge 2022 might be officially over but payinfashion.com is just getting started. For more information please visit payinfashion.com or follow us on:
You can also reach out to the CEO & Founder, Ranjith K Shyamaladas at ranjith@bio-idz.com or at + 971508978620
Bio-idz dazzles audience at Fintech Surge
BIO-IDZ dazzles audience with innovative tokenized payment solutions at Fintech Surge 2022
Bio-idz, an official Gold Sponsor at the recently concluded Fintech Surge 2022 (Dubai), made a bold statement by launching their #bpay range of accessories and wearables. The company, which is a global leader in creating customized and tokenized payment solutions, saw thousands visit their pavilion at the Surge.
From making contactless payments with just a ring tap to accessing a Tesla with just a bracelet, Bio-idz dazzled an awestruck audience with a glittering array of Fashion Accessories and Payment Solutions.
Visitors to the Bio-idz pavilion (10 – 13 Oct, 2022) were able to experience first-hand how Fintech Tech solutions such as ‘smartwatches’ and rings are set to evolve into ‘Fashion Tech’ accessories, as the online world braces for the Metaverse ! This is also what made the company’s launch of the world’s first fashion-tech NFT so thrilling, especially for the large number of young visitors who salivated at the idea of experiencing it in the Metaverse.
The launch of the NFT at the hands of Mr. Venugopal Keloth and Mr. Sagar Kamath, alongside CEO Mr. Ranjith K Shyamaldas was a special moment indeed for the entire team, as it signified a foray into a brave new world of Web3 and Metaverses. The unique product is now available for sale on OpenSea and will be a prize catch for tech enthusiasts and futurists in the times to come.
As one of the young attendees to the booth remarked, “With so much of our lives now being consumed by the online world, it is great to see a range like #bpay that not only simplifies payments but also looks great!”
Bio-idz CEO and Founder, Ranjith K Shyamaldas prophesied during his keynote address on the final day that his company was headed for the $ 1 billion or Unicorn Club by the year 2025. “When we first began operations in 2017, concepts such as iOT and payment accessories were still not household terms and our products were mainly focused on biometrics. However, as someone who has always believed in using technology to simplify and beautify human lives, our foray into ‘fashion-technology’ was inevitable. Now as we see a world of NFTs and Avatars, customized token accessories will be the future of e-payments.”
True to his words, the pavilion also witnessed a steady stream of corporate visitors ranging from noted banks to budding startups, eager to unearth opportunities to synergize.
Fintech Surge 2022 might be officially over but the ‘buzz’ continues with the #bpay range of wearables set to his offline stores across the GCC this week !
For more information about the event launch and to keep an eye of Bio-idz’ surge towards the future, please visit www.bio-idz.com or follow us on:
You can also reach out to the CEO & Founder, Ranjith K Shyamaldas at ranjith@bio-idz.com or at + 971508978620
What You Can Expect For Fintech Surge 2022
With less than one week to go for the Mega Event – FINTECH SURGE 2022, We at BIO-IDZ are super excited for our presence at one of the biggest events in Dubai. With the whole team of BIO-IDZ in full swing to make this event count, this extravaganza would be one to watch out for with thousands of expected visitors at the World Trade Center, Dubai.
Our Main Events Goes Like This..
Being the gold sponsor for FINTECH SURGE 2022, BIO-IDZ is all set to grab the eyes of every visitor with our events planned out to the smallest detail to our biggest launches. We have always believed in the power of innovation & technology, and that’s what you will be witnessing at our presence throughout the event.
🔻Find us at Z4-J88
The Big Launches Like Never Before
1. #bpay Product Launch
From watches and keyfobs to bracelets & charms, you name it we have designed our wide range of fashion wearables incorporated with our payment chips with best known functionality.
2. Launching #bpay on Pay In Fashion – World’s First E-Com Marketplace for Payment Wearables
Abdulla Ahmad Abdulla Mohammad Al Qassim, CEO of IMS at Al Rais Group will be launching the wide range of #bpay products into the world’s first e-com marketplace solely dedicated for payment wearables.. Pay in Fashion is an E-com site that features payment wearables from the most trusted brands that specializes in contactless payment technology.
There is more to this.. we are launching our limited edition of #bpay products bundled with FIFA World Cup Merchandise on FinTech Surge 2022. Excited much😍?!
3. World’s First NFT for Fashion Tech
Yes, its true! We are launching the world’s first NFT for Fashion Tech. #bpay product will go live on NFT platform at one of the biggest events that celebrates the endless opportunities created by Finance & Technology.
HEAR THE EXPERT SPEAK..
Ranjith K Shyamaladas, Founder & CEO of BIO-IDZ comes with an expertise of more than two decades in technology,payments & identity. He is a true visionary & a serial entrepreneur who will be featured in panel discussions & keynote speeches through the event.
To give you a little insight about Ranjith, lets hear it in his own words,
“ An Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products. The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation. This is what an entrepreneur means for me and what I am too 😎 “
Dont forget to attend his keynote speech on :
“ BRINGING A FASHIONABLE TOUCH TO FINTECH”
13th October – 11.15 am
“FASHION TECH IN THE AGE OF WEB3”
13th October – 2 pm
SURPRISES ARE ON ITS WAY TO FINTECH SURGE
There is no fun in revealing everything that is going to happen.. So we have some huge launches that we would love the visitors to come & witness at Fintech Surge 2022. We are also excited to announce our partnerships with few of the biggest names in the field of Fintech during the event.
We are sure that you will love our surprises as much as we loved to prep for it..
As the Excitement grows bigger.. and the Big Day inches closer..
Don’t forget to Meet us at Booth No. Z4-J88 on 10 October
5 Facts you must know about Non-Fungible Tokens (NFTs)
We have been gripped by ‘NFT fever’ – and if experts are right (and they generally are), Non-Fungible Tokens are here to stay! As we approach the twilight of 2022, the NFT storm in gaming, art and fashion is unrelenting and it’s clearly here to stay.
“Oh, but you mustn’t invest in them … this is just a passing trend … this is just speculators ‘milking’ the market” – NFTs seem to have withstood all of this and are continuing to make headlines as they trade for millions of dollars.
So just what is an NFT and why is it taking the digital world by storm?
Here are 5 Facts that every speculator, investor or first-time dabbler must know about Non-Fungible Tokens:
Are NFTs related to Cryptocurrencies?
An NFT is a Digital Asset or Token and the underlying software that encodes it is very similar to cryptocurrencies. This is why most NFT purchases and sales online happen via cryptocurrencies. Another reason why NFTs are closely linked to cryptocurrencies is that unlike conventional currencies/money, NFTs are Non-Fungible – meaning that they cannot be exchanged or replaced with other similar tokens. This is very different to how conventional currencies work, where a 1 dollar bill can be replaced/substituted with another one of the same value. Each NFT token on the other hand is absolutely unique.
Just what all can become an NFT?
NFTs can be digital assets portraying pretty much any real world object/item including music, artwork, videos, in-game artifacts and even jokes or memes. The fact that each NFT is unique, makes it a ‘collectible’ and thus desirable. When an NFT of let’s say a priced painting is purchased, the purchaser purchases the digital file of the painting and the proof of possession, rather than the actual physical object itself. Twitter’s founder Jack Dorsey once converted a tweet of his into an NFT and sold it for $ 2.9 million.
How much is an NFT worth?
One might think that a ‘digital depiction’ of an actual product might not be worth very much. But guess again! The pandemic was an absolute blessing for the NFT market, with the total traded worth exceeding $ 25 billion worldwide. An NFT artwork titled EVERYDAYS: THE FIRST 5000 DAYS, created by the famous digital artist Mike Winkelmann raked in a staggering $ 69.3 million!
Where can I buy/sell an NFT?
NFTs can only be purchased by sites such as Open Sea NFT, Rarible, NFT Showroom, SuperRare and a few others. This is because even though an NFT looks like any odd image you might find on the internet, purchasing an NFT needs one to also pay for the blockchain space that recognizes the image/file as an original NFT with value.
Are NFTs divisible?
No. Unlike Cryptocurrencies, NFTs are indivisible. Meaning, that they cannot be broken down or traded in parts. No two NFTs are the same and no NFT can be split into two.
The future is Fun, Fabulous and Non-Fungible!
And we @ Bio-idz recognize it.
Follow us on
as we launch the World’s First Fashion Tech NFT during the # Fintech Surge 2022.
Fashion Technology at the Fintech Surge 2022
Fashion Technology at the Fintech Surge 2022
BIO-IDZ pushes the boundaries of Fashion Technology at the
Fintech Surge 2022
#bpay – where fashion meets payment technologies
BIO-IDZ, the global leader in fashion tech and wearable accessories, is pushing the boundaries of payment technologies at the Fintech Surge 2022. The company that is also the Gold Sponsor for the event (held between Oct 10 – 13) will unveil a glittering array of payment enabled wearables and fashion accessories, under the #bpay range.
Ranging from bracelets & watches to key fobs & jewelry accessories, each product launched under the #bpay range will be linked to a smart wearable tokenization platform with full payment functionalities. What is more, each #bpay accessory is uniquely designed and one-of-a-kind, created with the most cutting-edge fusion of fashion and technology.
The Fintech Surge 2022 is one of the most awaited events across various fields of finance. The event is designed to bring together the world’s most daring innovators, entrepreneurs, corporations, disruptors and government entities under one roof under one roof – while magic happens!
As BIO-IDZ Founder and CEO, Ranjith K Shyamaldas stated,
“We are excited to play our role as a gold sponsor at fintech surge and we are really looking forward to developing a successful partnership and work with fintech surge over the coming years. This is much more than a sponsorship and more like a platform where we can deliberate and strategize over the development of innovative technologies in the digital payment industry. We are eagerly looking forward to what the future has in store for us.”
And the future is exactly where all of this is headed – as BIO-IDZ will also be celebrating its 6th year since inception by launching the world’s first ever fashion-tech NFT at Fintech Surge 2022.
So grab on to your ‘Meta’ seats and your ‘Digital’ seatbelts and visit www.bio-idz.com for more information.
5 reasons why Metaverse Fashion will be ‘Bigger’ than ‘Offline’ fashion
Enter the world of NFTs, fashion wearables and accessories for tomorrow’s ‘Meta Environments’!
Fashion has always served as a reflection of society’s most flamboyant instincts and every generation from the ‘boomers’ to the ‘millenials’ have had those that pushed the boundaries of what is considered the ‘norm’.
Today’s ‘digital society’ is no different. An entire generation of young folk (Gen Z/Alpha) are starting to redefine what fashion can be and it’s taking the whole of the online world by storm. Unlike their predecessors, today’s youth live and breathe online and with some of their lives being played out within the digital world, fashion and fashion trends have also begun to make a shift.
When Mark Zuckerberg the CEO of Facebook first began to speak of the ‘Metaverse’ not very long ago, the signs were already there that the current and future generations would be spending a disproportionate amount of time in cyberspace!
Here are 5 reasons why fashion in the Metaverse will be bigger than anything we have known so far:
1. Technology will drive tomorrow’s fashion trends:
For the longest time ever, technology was considered geeky while fashion was trendy! Their followers simply didn’t overlap. But all of that is changing with the emergence of the Metaverse. Brands, especially fashion brands are flocking to release their digital fashion accessories and wearables. While there are those who still cast aspirations of this phenomenon, one thing is fast becoming clear – If we are to spend so much of our life online, we must at least appear ‘cool’ doing it!
2. The rise of NFTs:
While online gamers have long been familiar with “skin” or digital attire – to be purchased within the game environment, using real money, NFTs or Non Fungible Tokens really shot to prominence during the pandemic. While the physical world lay frozen thanks to Covid, the Metaverse offered opportunities for people stuck at home to “travel” or “hang out” and of course while doing so, one must look good. NFT sales grew from just under $ 30 million in 2021 to over $ 10 billion in 2022.
3. It’s Pro Environment:
With so much focus on global warming, it is but natural that every industry including the Fashion Industry is looking to reduce its carbon footprint. Wearable NFTs are extraordinarily pro environment, emitting upto 97% less carbon dioxide than physical cloth.
4. It’s extremely inclusive:
One of the great challenges that has always confronted the fashion industry is that their subjects are rarely homogeneous. Differences in body types, climatic conditions, culture and appeal across the world have always presented barriers to a uniform fashion code. The Metaverse can change all of that, as digital avatars can be customized according to the user’s specifications and can ‘wear’ literally any kind of apparel within the digital ecosystem.
5. It’s just getting started:
Even though it’s a radical idea for most people, brands like Nike, Adidas, Gap, and Crocs have entered the NFT market with wearables. Incredibly, the digital fashion industry is estimated to grow to $ 56 billion by 2030.
#bpay Fashion-tech wearables by BIO-IDZ
#bpay Fashion-tech wearables by BIO-IDZ
Now appoints strategic partner International Marketing Services for the region.
Fashion-tech wearables has recently made an impression in the region. With a wide range of #bpay fashion-tech wearables now made available, ranging from, bracelets, watches, straps, key fobs,rings up to top-of the line jewellery products, both consumers and providers are spoilt for choice.
Targeting consumers who are fashion conscious in the region BIO-IDZ has recently signed-up International Marketing Services, (Al Rais group of companies) as a strategic partner for the region. With years in the distribution business related to the IT and mobile market, covering around 600 plus retail outlets operating in the region, including power retailers like Virgin Megastore etc, the products will soon be made available for the consumers to experience an exciting way of contactless payments.
GEOGY UKKAN, VP (Operations & Strategies) said –
“With the increase in demand for contactless payment products globally, the focus continues to be on security whilst also being fashionable in how the transaction can be done. Fashion-tech products and services demand functionality and increased sustainability”
BIO-IDZ are pioneers in the next generation contactless payment experience and are well placed strategically in the MENA region to provide innovative and original Fintech solutions across the globe.
Mr. Abdulla from IMS commented” I am impressed with the fact that payments can now be more conveniently made at retail outlets. Fashion-tech wearable products with their battery-less, ultra-low power technology will soon be the preferred method of payment. This is an expression of individuality and sees the current trend increasing from the existing 20% payments made linked to everyday accessories to double that in a year or two.”
The global digital payment situation is tailor-made for innovative and imaginative contactless wearables inspired by the future, and the market conditions. BIO-IDZ introduces the next generation smart wearable tokenization platform #bpay – linking your credit, debit, and prepaid cards with your everyday fashion ware of choice interweaved with payment functionality.
Buying can now be a pleasure, fashionable and secure – stay trendy!
