Nymi - The First Wearable Bitcoin Wallet Secured by Biometrics
Imagine walking into your favorite coffee shop, electronics store or restaurant, and paying for everything you need with the flick of your wrist. Today, Nymi (NIM-mi) makes this possible and more importantly, allows Bitcoin users to store their Bitcoin in a native biometric wallet. Bionym's Nymi wearable armband uses your unique ECG (electrocardiogram)....
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Canadian wearable-tech startup Boinym has launched a biometric bitcoin wallet that relies on its Nymi smart wristband for authentication. The Nymi wristband has a clever way of confirming the user's identity: it scans the wearer's heartwave using an electrocardiogram (ECG) sensor and matches its pattern to the one stored in its database. This offers 'always on' authentication, as it doesn't require any input from the user, and should function for as long as the user has a pulse. Bionym released the Nymi software development kit (SDK) last November and said at the time that it already had....
In establishing this website, one of my goals was to feature new products that make us all go wow. Here we have one of these very products. It's called Nymi, and this Toronto-based company has designed a bitcoin wallet that relies on not keys or password, but your unique heart rhythm to allow access to stored funds. The wallet comes in the form of a wristband with a built-in electrocardiogram sensor to enhance security. "People don't know where their Bitcoin funds are stored, and who can access them. The Nymi's wallet application makes the answer clear: the wallet is physically stored on....
Wearable technology startup MEVU has announced the first wearable bitcoin wallet that tracks movement in order to make payments. Users of MEVU's proof-of-concept bracelet - which is powered by Coinbase's wallet API - will easily be able to send bitcoin with just a flick of the wrist. Apurv Mishra, CEO and co-founder of MEVU, said that the use case for the company's wearable wallet is for small transactions such as tipping, whether in BTC, altcoins or perhaps even something else: "If we use bitcoin or any other currency, if it has the facility for tipping, I think that's what people would....
Earlier this year, Bojan Simic, the founder of the Bitcoin Security Project and Aegis Wallet, released a new, free, and open source bitcoin wallet. He has recently implemented Android Wear support onto the wallet, it's called Aegis Wallet Wear. This is the first ever of its kind. Its features include a new watch face that shows you your current Aegis Wallet balance and the current price of bitcoin, and it also allows you to pull up a QR code from a watch for receiving bitcoin payments. The watch app notifies you of transactions occurring on your Aegis Wallet. This pioneering idea is sure....
Biometrics is a new and effective trend in the security industry. HYPR deploys biometrics in financial applications, but also adds the benefits of decentralized technology to enable enterprises to eliminate passwords and replace them with biometrics. HYPR: Biometrics Decentralized. The blockchain biometrics firm, which has worked with Fortune 500 and Global 2000 firms on proof-of-concepts, Rather than storing fingerprints, facial features, iris images, or voice patterns, an end user’s biometric signature is encrypted and stored on-device in a decentralized manner. “So while today a large....