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January 16, 2014updated 04 Apr 2017 4:09pm

SmartMetric biometric payment card to enable P2P transfer of bitcoins

US-based SmartMetric’s Biometric Bitcoin Card, which is set for launch soon, will be able to allow in-person peer-to-peer (P2P) transfer of bitcoins.

By Verdict Staff

US-based SmartMetric’s Biometric Bitcoin Card, which is set for launch soon, will be able to allow in-person peer-to-peer (P2P) transfer of bitcoins.

SmartMetric Biometric Bitcoin Card will combine patented nano-computing technology, an internal ARM 9 processor, processing power equal that of a PC, and up to 128 gigabytes of memory, matching the maximum memory capacity of current iPads.

Equipped with NFC chips, SmartMetric Biometric Bitcoin Card will be capable of communicating with compatible smartphones and tablets, allowing users to make P2P transfers of the currency.

NFC chips are used in smartphones and similar devices to establish radio communication with each other by touching them together or bringing them into proximity.

SmartMetric president and CEO, Chaya Hendrick, said: "We believe our card will be the world’s first to enable in-person, P2P transfer of bitcoins through a payment card. This is made possible by our patented nano-computing technology that puts the power of PC’s computing capacity onto a payment card.

"Bitcoins can be stored and transferred, all on the card, and with a level biometric fingerprint security never before possible. We’re very excited about the possibilities for bitcoin use and adoption powered by SmartMetric’s nano-computing and biometric security capabilities."

According to SmartMetric, the Biometric Bitcoin Card is scheduled to be launched during the first quarter of 2014.

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