Mobile Cryptocurrency Wallet Requires Biometric Card for Access

“…the Touch xWallet offers a compelling illustration of how FPC’s biometric technology can be used in a card solution in the financial services space…”

Fingerprint Cards’ biometric technology for smart cards has found its way into a novel cryptocurrency wallet solution from Korea-based SCTechOne.

Called the Touch xWallet, the system combines physical hardware with a mobile app to offer a highly secure digital wallet solution. The mobile app is like many other cryptocurrency wallets, containing the user’s account holdings information; but it can only be accessed with a paired physical card, which is connected to the app via Bluetooth. And that card features an embedded Fingerprint Cards sensor, with biometric authentication required for mobile app access.

Users can also get their account information at a glance through an LCD display embedded at the top right of their card, and can scroll to see different information using the embedded fingerprint sensor as a kind of trackpad, thanks to FPC MoveTouch technology.

What’s more, the solution is FIDO certified. FIDO Alliance standards are making their way into all kinds of new scenarios and use cases, and FIDO compliance is increasingly recognized as a hallmark of strong digital security with major tech companies like Facebook sitting on the industry alliance’s Board of Directors.

While cryptocurrencies are still not quite mainstream, the Touch xWallet offers a compelling illustration of how FPC’s biometric technology can be used in a card solution in the financial services space, and arrives at a time of growing anticipation over the mass commercialization of biometric payment cards from the likes of Mastercard and Visa.

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May 28, 2018 – by Alex Perala