Smart Purse Seals Itself To Prevent Overspending

Smart Purse Seals Itself To Prevent Overspending

This is the iBag, a $200 bag that proves people are still naming things by just throwing an i in front. I thought we were over that. The iBag is a ‘smart purse’ that can seal itself to prevent overspending. Cool, but I would just cut a hole in the side with a knife. No purse is keeping me away from new shoes.

Using an Arduino processor and a real-time clock, Finder.com.au’s iBag prototype has been designed to physically deter shoppers from accessing their wallets during the times of day they’re most vulnerable to spend.

The purse is also equipped with a GPS chip and LED lights that flash when a shopper gets too close to his or her favourite shops, or, as the company puts it: “when you’re entering a danger spending zone.”

RFID modules record every swipe of a shopper’s wallet leaving the bag and a GSM module can also send text messages to a “responsible other” party, like a husband, wife or parent.

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