Georgian CNICK's Smart Rings Now Help the British to Perform Financial Operations

The Georgian smart ring will already help the British to perform financial and other operations - startup CNICK has already completed the negotiations on cooperation with the largest bank in Great Britain. In addition, CNICK expanded its activities in Germany.

As Davit Kvitsiani, co-founder of CNICK, told Business Partner, the services of the innovative Georgian startup are already actively used in all European countries, as well as in the USA and several other countries of the world, including Australia and New Zealand.

"The ring has a very high-security level. We use tokenization, which is a fairly high standard today and thus enables users to attach the ring to their existing card and use it. The ring doesn't require opening a checking account or getting a card. At this stage, unfortunately, we are not in the Georgian market. Despite a lot of efforts, Georgian banks did not want to cooperate with us. As for the car key function, available globally, CNICK has created the first smart ring that performs the function of a car key, specifically, a TESLA," Davit Kvitsian told "Business Partner".

The innovative startup CNICK was created a few years ago by Georgian students Koba Tsertsvadze, Davit Kvitsian and Giorgi Mikatsadze. It is the first Georgian high-tech consumer product that helps people perform daily financial and other operations. The company makes "smart" rings and they can be used with several functions at the same time, including contactless payments instead of a credit card, unlocking a Tesla car, and more.

Payment via CNICK can be made anywhere in the world where MasterCard is valid. Soon, VISA will be added to MasterCard, from which CNICK has already received approval and is undergoing the certification process.