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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Tech

Visa Is Developing a Pair of Sunglasses That Can Pay For Things

Aric Jenkins
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Aric Jenkins
Aric Jenkins
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Aric Jenkins
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Aric Jenkins
Aric Jenkins
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March 14, 2017, 8:34 AM ET
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You might want to consider leaving your wallet behind on sunny days if Visa’s plan works out.

The credit card company showcased a sunglasses prototype with payment capabilities at the South by Southwest Festival (SXSW) in Austin on Monday. The wearable was simultaneously unveiled at the Quiksilver Pro and Roxy Pro surf competitions in Gold Coast, Australia, CNBC reports.

The pair of shades are nearly identical to non-tech models with the exception of a tiny chip embedded on its side. To pay, a wearer removes the glasses from their face and taps them on a Visa near field communication (NFC) enabled terminal. Card swiping is not required.

“It ties back to our tagline of everywhere you want to be,” Chris Curtin, chief brand and innovation marketing officer at Visa (V), said, according to CNBC. “Without it it’s hard for us to fulfill our tagline. Our view is we take form factors that you don’t expect to be payment-enabled like sunglasses or maybe like a ring and expose to the market that maybe it can be.”

Visa is currently testing the concept to see if there is a demand in the general public. The company is also investigating whether banks or brands would consider sponsoring the product.

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