FPC Sensor Used In Another Cryptocurrency Payment Card

“…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.”

FPC Sensor Used In Another Cryptocurrency Payment Card

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.

July 3, 2018 – by Alex Perala