Published: Sep 10, 2013 1:24 PM EDT

New technology will give your heart beat buying power!

A Canadian company is developing a wrist watch-type of device that reads your heart beat, with the intention of replacing things like credit cards, and even passwords for computers, tablets and phones.

"There's actually unique characteristics that relate to the size of the heart, the position of the heart and the physiology surrounding the heart," said Karl Martin, CEO of Bionym.

The device is said to be more secure than a fingerprint, face or even iris scan. You can already pre-order one for about $80, and it's expected to hit the market next spring.