biometrics

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Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says ‘Don’t Catalog Eyeballs’

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During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project has privacy advocates reeling and … Read more

Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods

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According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents … Read more

China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning

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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 … Read more

Next Step Mobile Surveillance: How You Walk, Your Heartbeat – Why Bitcoin Matters to Combat Government Privacy Invasion

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It may sound like something from a dystopian cyberpunk movie, but payment providers could soon be validating transactions by the way users walk, their heartbeat, veins, and more. Mastercard has recently revealed they “have been testing heartbeat, vein technology, and the way people walk to authenticate people.” The high tech proposal, designed to fight hackers … Read more

European Parliament Approves EU-Wide Biometrics Database of 350 Million Individuals

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It is not uncommon for political proposals to draw a lot of heat from consumers and corporations. In Europe, a current proposal is on the table to create a massive biometrics database. The European Parliament has seemingly approved the idea, although the project has yet to be put in place. Known as the Common Identity … Read more

This New Hardware Wallet Fits Into a Smartphone SIM Tray

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On March 5, a new hardware wallet was unveiled by U.S. tech startup Vaulttel that fits inside a mobile phone’s SIM tray. According to the manufacturer, the Intellichip SIM card uses state of the art encryption while also providing biometric authentication. Also read: 4 of Tokyo’s Hottest Nightclubs to Accept Bitcoin Cash The Vaulttel Intellichip … Read more

What Is TROVE?

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The world of cryptocurrency has seen some interesting innovations. Especially when it comes to making this form of money more accessible, a lot of work is being done. A company called Layer has come up with a concept known as TROVE, which will undoubtedly generate some interest among crypto enthusiasts around the world. TROVE in … Read more

Hardware Wallet Demand in South Korea Grows Exponentially

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According to local reports in South Korea, demand for hardware wallets is increasing exponentially. The demand has stemmed from attempted hacks last year against domestic trading platforms like Upbit and Bithumb. Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia Regional Reports Detail South Korean Hardware Wallet Demand is Rising South Korean cryptocurrency … Read more