Swatch SA and Visa Inc., together with Visa Europe, have signed an agreement giving eligible Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch's new "pay-by-the-wrist" watch, the Swatch Bellamy. 

Swatch expects to launch the watch early next year, according to a press release.

Swatch Bellamy is named after American writer Edward Bellamy, who in 1888 wrote a book about a future where "bank cards" replaced cash. The book is called "Looking Backward: 2000–1887."