“In implementing biometric security based on facial recognition, Bitcoin IRA joins a growing trend in the cryptocurrency space, with players like the Paxful marketplace and the ZenGo cryptocurrency wallet also having recently embraced face-based authentication.” Bitcoin IRA, a platform designed specifically to allow individuals to buy and sell Bitcoin cryptocurrency through their Individual Retirement Account…
“The lion’s share of credit for this achievement goes to FaceTec, which provided the ZoOm authentication software used by ZenGo.” Toward the end of June, cryptocurrency wallet provider ZenGo challenged its users — and any other interested hackers, really — to try to break into its wallet, offering a reward of one Bitcoin. And with…
Onfido is teaming up with Civic to provide secure customer onboarding for the latter’s upcoming cryptocurrency wallet. The blockchain-based Civic Wallet will allow users to store and trade cryptocurrencies without sharing any superfluous personal information, providing account access through a private key that will be stored on the user’s mobile device. Onfido will make it…
The non-profit IOTA Foundation has released a new cryptocurrency wallet to facilitate the seamless storage and exchange of IOTA tokens. Dubbed the Trinity Wallet, the open-source platform offers customizable user features and is already compatible with most major operating systems, including Windows, Mac, Linux, iOS, and Android. The design itself was put together with input…
IDEX is dispelling some misconceptions about cryptocurrencies after doing the same for biometric payment cards and financial inclusion. In the first entry of the company’s latest blog series, IDEX Senior Vice President David Orme argues that biometric authentication is the next logical step for cryptocurrency expansion. According to Orme, biometric technology solves one of…
“Thanks to the partnership, BitPay will now process Bitcoin payments made to Onfido, while Onfido’s selfie-based authentication technology will be leveraged by BitPay for Know Your Customer purposes.” Having helped to bring so many into the cryptocurrency market, Onfido can now accept payments in Bitcoin, thanks to a new partnership. The company has teamed up…
“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…
Singapore-based naked payments pioneer Touché has teamed up with a Luxembourg-based blockchain platform to offer a simplified means of in-store purchases using cryptocurrency. The system is of course based on Touché’s biometric payments concept, which revolves around linking users’ fingerprints to their payment accounts to allow them to make purchases with a simple fingerprint scan — and…
Unikeys has officially announced its UKey cryptocurrency card. In form, it’s shaped like any other regular payment card. But it’s designed to host multiple popular cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, and Litecoin. What’s more, it features an embedded fingerprint sensor. Once a user’s fingerprint data has been registered and stored in the card’s Secure…
Hoyos Integrity Corporation is challenging hackers to steal its RISEN cryptocurrency tokens. One hundred million dollars’ worth of the RSN tokens have been loaded by the company into a public cryptocurrency wallet, and Hoyos has issued its public address and its private key. The company is banking on its biometric security, with its H-RISEN biometric…
“…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.” 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…
UPDATE: June 3, 2018, PRASM announced via Twitter it has closed its public sale. Ahead of a pending Initial Coin Offering, Korea-based PRASM has announced new Memoranda of Understanding with multiple organizations in the healthcare sector. The company’s aim is to establish a blockchain-based bioinformatics network in which users upload their biological data in exchange…
“…the Touch xWallet offers a compelling illustration of how FPC’s biometric technology can be used in a card solution in the financial services space…” Fingerprint Cards’ biometric technology for smart cards has found its way into a novel cryptocurrency wallet solution from Korea-based SCTechOne. Called the Touch xWallet, the system combines physical hardware with a…
“Such security precautions are vital to an app like Humaniq. Launched toward the end of last year, the platform allows users to trade the company’s HMQ cryptocurrency…” Humaniq has upgraded the biometric security of its eponymous cryptocurrency app. Thanks to new ‘bioID’ settings, the app uses behavioral biometrics to assess patterns in user activity. If…
“Users in Rwanda, Senegal, Tanzania, Uganda, and Zimbabwe are currently required to upload pictures of their faces to the Humaniq app for registration and authentication based on facial recognition, with behavioral biometrics also playing a role in authentication.” Humaniq has joined the Biometrics Institute, an international organization dedicated to the responsible use of biometrics. In…
Onfido’s biometric ID verification solution is now being used to onboard customers of Bitstamp, a major cryptocurrency exchange. The Onfido solution is designed to let clients confirm the identities of their end users via tablets or smartphones. The system combines facial recognition and document reading capabilities to biometrically confirm that users are who they say…
Embedded Downloads has launched the Embedded Vault, a digital BitCoin wallet placing a premium on security. The wallet’s key feature is its use of dynamically generated private keys that are never stored. The system needs to be downloaded on both the user’s smartphone and PC, with a Bluetooth connection enabling communication between the apps. The…
“Facial recognition is used for the registration and authentication of customers – with behavioral analysis lending a helping hand for the latter – and transactions on the platform are done in HMQ, Humaniq’s cryptocurrency…” Humaniq has officially launched an Android app for its cryptocurrency platform. It’s the product of a pilot version trialed earlier this…
British Columbia-based Hill Top Security is pursuing a patent for a biometric security system for cryptocurrencies, and Big Wind Capital is pursuing a major stake in Hill Top, the firms have announced. Hill Top’s solution is called UxToken, and it’s designed to offer “[b]iometric-enabled, GPS trackable crypto-currency private key safe storage,” according to a statement from…