HyprKey Introduces Fingerprint Scanning to Secure Bitcoin Transactions
If there's one thing standing in the way of mainstream bitcoin adoption, it's cyberfraud. So says the team at HyprKey, the startup aiming to protect digital currency users from fraud by utilizing the HYPR-3 three-factor authentication protocol. HyprKey works by creating a biometric authentication bridge between the user and the mobile wallet built on top of it. It auto-converts bitcoin in real-time so users can spend it without ever even touching the digital currency by linking their debit cards, thereby authenticating transactions at the point of sale. "The reason that [cyberfraud] struck....
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Two-factor authentication is an industry standard pushed widely by the Bitcoin community over the past few years. Most users are pressured to secure their funds and accounts to the maximum degree as it's their money and their responsibility. Hyprkey is stepping up the industry standard with their biometric tokens based on three-factor authentication. At only the size of a nicotine patch, the HYPR-3 sticker reportedly secures and authorizes everything with a fingerprint. In a recent press release, CEO of Hypr Corp George Avetisov laid out a vision for the future of the extra level in....
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments card. China’s DCEP Will Boast Advanced Fingerprint Identification and Authentication Solutions China’s DCEP continues to make headlines as the crypto asset and central bank-crafted....
Dorsey’s Block plans to leverage a fingerprint sensor instead of a password or seed phrase to secure your bitcoin.
For months now, the mobile industry has heard rumors about a new Apple mobile payment network colloquially referred to as the "iWallet." Bloomberg is reporting that Visa, Mastercard, and American Express have worked out an agreement with Apple that will be revealed on 9/9/14 alongside the anticipated launch of the iPhone 6. All of this information regarding Apple's landmark deals with the world's major credit card companies is being leaked by "a person familiar with the situation." According to "the person," the iPhone 6's newly included near-field communication (NFC) chip will, alongside....
It was too good to be true. A fingerprint sensor will be the authentication method of choice for Block’s hardware wallet. The company revealed new details in the March update of their newsletter, and some of them weren’t well received by the community. Besides the fingerprint sensor, the lack of a screen was also a […]