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This $250 ring could replace your credit cards, keys, and a lot of other everyday items

In Token's world, you'll never need to carry your wallet, house keys, transit pass, or even remember your computer password. All you'll need is a ring.

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Token is a fledgling hardware company that just introduced its first product: theToken ring, an identity ring designed to store your credentials and secure your privacy with a fingerprint sensor. Using just the ring, you can pay for goods, unlock your car, or ride the subway.

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The Token ring starts at $249 and is now available for presale. The first Token rings will start shipping in December.

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