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SmartMetric to Launch World's First Bitcoin Card With BiometricFingerprint Protection
Scheduled for Launch in Q1 2014
NEW YORK, NY, Jan 10, 2014 (Menafn - Marketwired via COMTEX) --SmartMetric, Inc. (otcqb:SMME), a developer of patented biometricproducts, announced today it has developed and will soon launch theSmartMetric Biometric Bitcoin Card, the world's first biometric,fingerprint secured, off-line storage platform for bitcoins.
"SmartMetric's bitcoin card can significantly accelerate the growthand rate of adoption for bitcoins as the new global currency. Byapplying our patented biometric technologies to a bitcoin paymentcard, we offer the world's first fingerprint-secured method to safelystore and use bitcoins," stated SmartMetric President and CEO ChayaHendrick.
The SmartMetric Biometric Bitcoin Card uses the Company's patentedbiometric fingerprint technology, the world's smallest fingerprintreader. The card offers the benefits of bitcoins such as peer-to-peertransactions and card-to-card direct bitcoin sending anywhere in theworld, while enabling real-time, in-person standard paymenttransactions at merchants and compatibility with standard ATMs aroundthe world. Advanced patented fingerprint technology uses thecardholder's unique biometrics to lock and unlock the SmartMetricBiometric Bitcoin Card, providing safety and discrete portability.
Bitcoins are becoming more widely used around the world, driven bygovernment non-intervention and merchant and consumer demand. In theU.S., Federal Reserve Chairman Ben Bernanke recently sent a letter tothe Senate noting that bitcoin may "hold long-term promise... if theinnovations promote a faster, more secure and more efficient paymentsystem." Japan, Germany, and Singapore have also recently taken anopen stance on bitcoin, choosing to keep the digital currencyunregulated for the time being.
According to www.blockchain.info there are an estimated 12 millionbitcoins in circulation today. With Bitcoins trading at approximately925 per bitcoin on January 6, 2013, there is an estimated 11billion worth of bitcoins in circulation.
SmartMetric, Inc. (otcqb:SMME) develops patented biometrictechnologies used for security and identification, including theworld's smallest fingerprint reader. The Company's proprietaryadvanced miniature electronics technology uses sub-micro computers tocreate fingerprint and security applications that were not previouslypossible. The world's smallest fingerprint reader is designed to fitinside standard payments cards as well as ID cards. Because of theminiature size of the electronics it is ideal for use in a broadarray of products requiring an enhanced identification system.SmartMetric's products include biometric credit card and biometricdebit card technologies, a medical emergency biometric card, and aMedicalKeyring(TM). For information on SmartMetric and its technologyplease go to www.smartmetric.com.
Safe Harbor Statement Certain of the above statements contained inthis press release are forward looking statements that involve anumber of risks and uncertainties. Such forward looking statementsare within the meaning of that term in Section 27A of the SecuritiesAct of 1933 and Section 21E of the Securities Exchange Act of 1934.Readers are cautioned that any such forward looking statements arenot guarantees of future performance and involve risks anduncertainties, and that actual results may differ materially fromthose indicated in the forward-looking statements as a result ofvarious factors.
Chaya C. Hendrick
President & CEO
SOURCE: SmartMetric, Inc.
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