NEW YORK, NY--(Marketwired - Jan 10, 2014) - SmartMetric, Inc. (
"SmartMetric's bitcoin card can significantly accelerate the growth and rate of adoption for bitcoins as the new global currency. By applying our patented biometric technologies to a bitcoin payment card, we offer the world's first fingerprint-secured method to safely store and use bitcoins," stated SmartMetric President and CEO Chaya Hendrick.
The SmartMetric Biometric Bitcoin Card uses the Company's patented biometric fingerprint technology, the world's smallest fingerprint reader. The card offers the benefits of bitcoins such as peer-to-peer transactions and card-to-card direct bitcoin sending anywhere in the world, while enabling real-time, in-person standard payment transactions at merchants and compatibility with standard ATMs around the world. Advanced patented fingerprint technology uses the cardholder's unique biometrics to lock and unlock the SmartMetric Biometric Bitcoin Card, providing safety and discrete portability.
Bitcoins are becoming more widely used around the world, driven by government non-intervention and merchant and consumer demand. In the U.S., Federal Reserve Chairman Ben Bernanke recently sent a letter to the Senate noting that bitcoin may "hold long-term promise... if the innovations promote a faster, more secure and more efficient payment system." Japan, Germany, and Singapore have also recently taken an open stance on bitcoin, choosing to keep the digital currency unregulated for the time being.
According to www.blockchain.info there are an estimated 12 million bitcoins in circulation today. With Bitcoins trading at approximately $925 per bitcoin on January 6, 2013, there is an estimated $11 billion worth of bitcoins in circulation.
SmartMetric, Inc. (
Safe Harbor Statement Certain of the above statements contained in this press release are forward looking statements that involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.