We’ve all heard of paying for clothes, but imagine if you could use your clothes to pay for other things…like more clothes. MasterCard unveiled technology at the Money 20/20 conference in Las Vegas that turns everyday items into payment devices. Two years in the making, the mobile payment program uses microchips to transform “virtually any device” into a “commerce device,” said Sherri Haymond. Welcome to the future where cars, jewelry and clothes are the new credit cards.
To design cool tech clothes just in time for next year’s Met Gala, MasterCard tapped Rihanna’s longtime creative director, Adam Selman. “He is extremely innovative, really creative,” Haymond gushed of the designer, who collaborated on Rihanna’s top-selling River Island collection and created that glorious naked dress she wore to the CFDA Awards. “When we met Adam, his vision and our vision really connected.” (more…)