Cryptocurrency Payment Card Protected by FPC Biometrics

“…the integration is another example of FPC’s ongoing efforts to diversify its business pursuits beyond the saturated mobile market in which it is a well-established player.”

Cryptocurrency Payment Card Protected by FPC Biometrics

Fingerprint Cards‘ fingerprint sensor technology is being used to secure a new cryptocurrency payment card from Hong Kong-based MeReal Biometrics.

In terms of its design, the “UKey” is very similar to the other emerging biometric payment cards from the likes of Visa – with which FPC has also partnered – and Mastercard. It’s a standard-looking payment card, with one key difference: A fingerprint sensor embedded in the card that is used to authenticate the cardholder during transactions. But the UKey adds a twist, storing cryptocurrency in the payment card instead of standard currency.

It’s the result of a collaboration between MeReal and FPC, as well as Unikeys, a cryptocurrency and blockchain solutions provider targeting the enterprise and government markets. And for the former two companies, it’s a partnership that goes back a couple of years, with FPC’s biometric technology having been used in a smart card solution announced by MeReal back in mid-2016.

In any case, the integration is another example of FPC’s ongoing efforts to diversify its business pursuits beyond the saturated mobile market in which it is a well-established player. And it’s the second application of FPC’s technology in a cryptocurrency wallet in a little over a month, suggesting that this emerging area could become a significant piece of FPC’s portfolio going forward.

(Originally posted on FindBiometrics)