CES 2015: Biometric, Bluetooth-Enabled Sticker Allows for Secure mCommerce

Biometric digital wallet developer HyprKey is hoping some folks will come and take a look at its HYPR-3 app at this year’s CES. The digital wallet app, which integrates credit card and bitcoin accounts, works in conjunction with a small, bluetooth-enabled, fingerprint-scanning sticker, which enables secure, 3-factor mobile payments.

In a press release, HyprKey CEO George Avetisov emphasized the company’s commitment to an open-source ethos, noting that “HYPR-3 is an open protocol for biometric authentication and as a team we’ve strived to be open in our unbiased conduct towards 3rd party wallets and payment platforms.”

This “straightforward posture” could be savvy pivot away from some of the more combative attitudes that we’ve seen from other digital wallet developers, such as CurrentC.

Nevertheless, the company will face competition from the likes of Apple Pay and other biometric smartphone based mCommerce solutions. To its credit, though, the folks at HyprKey point out that their solution “will not require merchant-side integration” – which has proven to be a major obstacle for Apple Pay – and its embrace of Bitcoin could pay off if the digital currency manages to increase in credibility and popularity.

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January 7, 2014 – by Alex Perala

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