Hong Kong-based MeReal Biometrics and Unikeys announced a new partnership to deliver a battery powered and patented fingerprint payment card to store cryptocurrencies and transact without passwords, pin codes or signatures.
The fingerprint sensor restricts use of the UKey card to the proper cardholder and replaces the need to provide further authentication. The UKey card can be used in contact and contactless mode.
The UKey card is acts as a portable vault that stores cryptocurrencies and tokens by ensuring the digital passwords known as “private keys” are highly protected. According to the announcement, UKey’s technology also provides a solution to recovering private keys if a card is lost or stolen.
“Despite the endless number of applications our card addresses, since we launched this technology, it has always created a buzz in the blockchain and cryptocurrency world,” said Patrick Partouche, Chairman & Co-Founder of MeReal Biometrics Ltd. “However the team at Unikeys stood out as an ideal partner for us because both companies strive to enhance daily life while upholding privacy and safety through technology.”
“We chose to partner with MeReal Biometrics because they have unrivaled experience in powered smart cards and their patented technology, when embedded and transformed into the UKey card solution, will allow merchants and consumers to accept and make cryptocurrency payments easily, quickly and safely anytime of the day from anywhere in the world,” added Alexandre Tabbakh, CEO & Co-Founder, Unikeys HK Limited.
Earlier this year MeReal reached a partnership agreement with French access control and security solution provider EuroStation to offer a fingerprint smart card to its customers.