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July 2, 2018

MeReal Biometrics, Unikeys develop new card for cryptocurrencies

MeReal Biometrics, a security technology company, has partnered with Hong Kong-based Unikeys to develop a fingerprint card called UKey to store cryptocurrencies.

Compatible with all types of mobile phones, tablets and Unikeys payment reader, the card allows users to make both contact and contactless payments.

The battery powered UKey card does not require passwords, pin codes or signatures for authentication of transactions, which are instead verified by a fingerprint sensor.

This is expected to provide users with additional security by eliminating the need for storing digital passwords (private keys) on paper wallets, personal devices or online currency exchange platforms.

MeReal Biometrics chairman and co-founder Patrick Partouche said: “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.

“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.”

Unikeys HK CEO and co-founder Alexandre Tabbakh added: “We chose to partner with MeReal Biometrics because they have unrivalled 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.”

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