“It can also be programmed to unlock based on the correct sequence of fingerprint scans, essentially turning the digits of a user’s hand into the digits of a biometric PIN.”
Ahead of this year’s Money20/20 Las Vegas event, newcomer ITBiometrics has been admitted into the event’s Startup Academy.
The company offers a cryptocurrency wallet boasting of some strong biometric security. It revolves around a fingerprint sensor, albeit one that is capable of scanning not only fingerprints but also the user’s heartbeat and a “thermal signature”, according to the company’s website. It can also be programmed to unlock based on the correct sequence of fingerprint scans, essentially turning the digits of a user’s hand into the digits of a biometric PIN.
There are some outstanding questions about the rest of the solution’s functionality: ITBiometrics hasn’t yet disclosed which cryptocurrencies are supported, or whether the wallet can be used with NFC to make cryptocurrency payments in the real world, for example. But the company says it will officially unveil its solution, dubbed the “Fingerprint Hardware Wallet”, at Money20/20, so answers are on the way.
The company will showcase from Booth K51, with Money20/20 scheduled to run from October 21st to 24th. FindBiometrics will be there too, reporting live from the show floor, so stay tuned for our exclusive coverage of the year’s biggest FinTech event.