I've seen many Android-powered smartwatches out there with capabilities to run apps in the same way (almost) as an ordinary smartphone would. On the other hand, we have the Apple Watch which runs its variant of the iOS system. Imagine being able to install a lightweight wallet like Electrum on a smartwatch to send/receive Bitcoin transactions. After all, most of these (if not all) smartwatches have Wi-Fi capabilities, Bluetooth, and more. By integrating Bitcoin wallets into smartwatches, you can truly send/receive transactions anywhere with ease. I'm sure not if this is possible yet (as I don't own a smartwatch). But if a developer decides to create Bitcoin wallets for smartwatches, I'll be a big hit within the mainstream world.
What are your thoughts? Is something like this practical/secure? Or is it better to continue using smartphones for Bitcoin transactions?
What are your thoughts? Is something like this practical/secure? Or is it better to continue using smartphones for Bitcoin transactions?
This can be possible, as we can see many of the devices nowadays have many features for the convenience of the users. If bitcoin and other cryptocurrencies will be used as a usual method of payments, there will be high chances that it can be launched in smartwatches. With the technology we have nowadays, it is not impossible to create that feature in the near future.
the usage scheme might be like this
Smartwatches -> Scan For Login -> Verification -> Display balance -> Scan for transactions -> Confirmation -> Payment successful.