In-Person P2P Transfer of Bitcoins via Payment Card Now Possible With SmartMetric's Invention
SmartMetric, Inc. (OTCQB: SMME), a developer of patented payment card technology and in-card biometric products, announced today that its soon-to-launch SmartMetric Biometric Bitcoin Card, the world's first biometric, fingerprint secured, off-line storage platform for bitcoins, will enable in-person Peer-to-Peer (P2P) transfer of bitcoins through its payment card.
"We believe our card will be the world's first to enable in-person, P2P transfer of bitcoins through a payment card. This is made possible by our patented nano-computing technology that puts the power of PC's computing capacity onto a payment card. Bitcoins can be stored and transferred, all on the card, and with a level biometric fingerprint security never before possible. We're very excited about the possibilities for bitcoin use and adoption powered by SmartMetric's nano-computing and biometric security capabilities," stated SmartMetric President and CEO Chaya Hendrick.
The SmartMetric Biometric Bitcoin Card has taken a quantum leap beyond smartcards. This is an intelligent card that combines patented nano-computing technology, an internal ARM 9 processor, processing power equal that of a PC, and up to 128 gigabytes of memory, matching the maximum memory capacity of current iPads.
The card comes equipped with a Near Field Communication (NFC) chip, which is the key to enabling the in-person P2P transaction. NFC chips are used in smartphones and similar devices to establish radio communication with each other by touching them together or bringing them into proximity. Cards are able to be connected to a computers USB or following the fingerprint scan and subsequent activation of the NFC (Near Field Communication) chip following the match of the card holders fingerprint, the SmartMetric bitcoin card can communicate directly with NFC smartphones and tablets. In order to protect the card owners privacy their fingerprint is stored inside the card and never leaves the card.
Bitcoins have grown to a global circulation of $11 billion driven by the digital currency's appeal as a P2P currency without a central bank, financial institution, or central server at its core. SmartMetric takes bitcoin one step further by enabling in-person P2P transfers through a payment card. The SmartMetric Biometric Bitcoin Card is slated for launch during the first quarter of 2014.
About SmartMetric Biometric Bitcoin Card
The SmartMetric Biometric Bitcoin Card is the world's first biometric, fingerprint secured, off-line storage platform for bitcoins. The card offers the benefits of bitcoins such as peer-to-peer transactions and card-to-card direct bitcoin sending anywhere in the world, while enabling real-time, in-person standard payment transactions at merchants and compatibility with standard ATMs around the world. Advanced patented payments card technology combines with the world's first fingerprint technology to use the cardholder's unique biometrics to lock and unlock the SmartMetric Biometric Bitcoin Card, providing safety and discrete portability.
About SmartMetric
SmartMetric, Inc. (OTCQB: SMME) develops patented biometric technologies used for security and identification, including the world's smallest fingerprint reader. The Company's proprietary advanced miniature electronics technology uses sub-micro computers to create fingerprint and security applications that were not previously possible. The world's smallest fingerprint reader is designed to fit inside standard payments cards as well as ID cards. Because of the miniature size of the electronics it is ideal for use in a broad array of products requiring an enhanced identification system. SmartMetric's products include biometric credit card and biometric debit card technologies, a medical emergency biometric card, and a MedicalKeyring™.
For information on SmartMetric and its technology please go to http://www.smartmetric.com/
Safe Harbor Statement
Certain of the above statements contained in this press release are forward looking statements that involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
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