How would you like to have a wearable credit card? The days of pulling out your wallet and yanking out that credit card could potentially be over in the future.

Yesterday I came across a tweet from @NBCNewsTravel about an Australian tailor that created a wearable credit card.

When I clicked on the link from the tweet, it brought me to a page with a video along with a brief description:

• An Australian tailoring company has partnered with Visa to create a power suit that has a cashless payment chip built into the sleeve so the wearer can pay for items with a swipe of their arm.

In the video they talk about a prototype of the “Power Suit”, a suit for men containing a cashless payment chip built into the sleeve. You’ll never have to worry about forgetting your credit card at home again.

The biggest question and concern that I have about the Power Suit is that it only has one credit card’s info stored in the sleeve. I wonder if there will be a way to store multiple credit card chips or at least swap them out. (I’d love to have at least 3 cards on me at all times.) And then there are those security issues. Could the credit card info get stolen if someone walks by and swipes the sleeve of the suit with a hacked electronic device?

I also wonder what other kinds of clothing they plan to embed chips into. I might wear a suit if I’m lucky, once per year so this article of clothing would be of little use to me.

Check out the video from NBC’s Today.com and let us know what you think about owning a wearable credit card.

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