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Wearables Threaten to Kill Fragile Festival Fanny Pack Market

Image <a href="http://consequenceofsound.net/2014/07/lollapalooza-goes-cashless-allows-attendees-to-pay-with-wristbands/">via</a>.
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Good news for all you festival-goers who are too wasted to figure out how wallets work: Cashless wristbands equipped with RFID chips are growing in popularity, allowing festival participants to easily purchase food, drinks and more without the need for a wallet. The wristbands made their debut at Lollapalooza over the weekend, and by most accounts were a great success. Named Lolla Cashless, the bands allow users to quickly pay for items by simply tapping the band and then typing a PIN. Before the festival, wristband users linked their credit or debit card information to their bands. "At Lollapalooza, the wristbands cannot be removed, lest they be voided as a means of entry, so organizers are so far not worried about fraud," reports Mashable.

The bands also store emergency contact info for medical purposes. This is all good news for your dad, who is definitely worried about you, but bad news for the feeble fanny pack market.
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