IDEX Biometrics and Reltime to launch next-generation Web3 biometric card
August 09 2022 - 2:00AM
IDEX Biometrics and Reltime to launch next-generation Web3
biometric card
World’s first biometric card of its kind
supporting digital assets and identification, and EMV
payments
OSLO, Norway, August 9, 2022—IDEX Biometrics ASA
and Reltime AS are pleased to announce a strategic partnership to
jointly develop and market the world’s first next-generation, Web3
biometric payment card including cold storage and digital asset
wallets, combined with digital identification.
This all-in-one, EMV compliant biometric payment card is
anticipated to reach the market in the first half of 2023. The
biometric solution based on IDEX Biometrics sensor technology will
enable EMV1 compliant payments alongside Reltime’s global Web3
financial ecosystem’s unique “check-out” feature. Securing fiat and
digital asset transactions with an extra, secure layer of
authentication, the smart card will also include other unique
features.
The Web3 market is estimated to reach USD 81.5
billion in 2030, with rapid advancements in blockchain technologies
as well as a shift in data ownership towards users as key
drivers2.
Furthermore, working in tandem the companies
plan to offer several white-labelled B2B2C solutions, including
Reltime’s FastTrack to Web3, which can be offered to financial
institutions, telecommunications companies, fintech firms, and
other parties that wish to enter the Web3 space.
“Reltime is delighted with this new strategic
collaboration with IDEX Biometrics,” says Peter Michel Heilmann,
CEO of Reltime. “We see unlimited potential and opportunities by
bringing this important, biometric, Web3 feature to Reltime’s Layer
1, Proof of Authority ecosystem in 150 countries. With this truly
unique card, we are, in fact, solving three of today’s challenges
facing our global financial tribe of people and businesses—cold
storage, payments and identity—giving them peace of mind from being
hacked, scammed, or ripped off. The card also fits perfectly in our
FastTrack to Web3 offering, providing companies with thousands of
clients and large organisations with millions of customers the
opportunity to enjoy the same benefits that Reltime’s current
global, trusted, high-performance, Web3 platform is bringing to
market.”
“The IDEX Biometrics collaboration with Reltime
creates new opportunities for payment cards and digital
authentication, bringing additional markets and new revenue
streams,” says Vince Graziani, CEO of IDEX Biometrics. ”We are
looking forward to working with Reltime to jointly develop and
bring to market more innovative biometric technology solutions in
response to evolving consumer demand for all-in-one smart cards and
solutions safeguarding digital assets, and securely storing them
offline.”
1 Short for Eurocard, Mastercard, and
Visa.
2 CAGR (2021-2030): 43.7 per cent. Source:
Emergen Research, Web 3.0 Market.
For further information,
contact:Marianne Bøe, Head of Investor
RelationsE-mail: marianne.boe@idexbiometrics.com Tel.:
+47 918 00186
Brett L. Perry, U.S. Investor Relations E-mail:
bperry@sheltongroup.com Tel.: +1 214 272 0070
About IDEX Biometrics
IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is
a leading provider of fingerprint identification technologies
offering simple, secure, and personal authentication for all.
We help people make payments, prove their identity, gain access to
information or unlock devices with the touch of a finger. We
invent, engineer, and commercialize these secure, yet incredibly
user-friendly solutions. Our total addressable market represents a
fast-growing multi-billion-unit opportunity.
For more information, visit
www.idexbiometrics.com
About Reltime Reltime is the
world’s first global, Layer 1, Web3 financial ecosystem.
Headquartered in Oslo, Reltime is building a new global financial
tribe of people and businesses eager to take back control of their
finances. Reltime members are able to send, receive, withdraw,
deposit, borrow, lend, earn, swap, interact, transact and open
joint accounts within the Web3 financial ecosystem in 150
countries. They can also create their own ecosystem within Reltime.
In addition, the company offers disruptive and cutting-edge
white-labelled B2B2C and Web3 embedded finance (FastTrack to Web3)
solutions to partners around the world. Reltime has listed its RTC
token on several global digital asset exchange platforms, including
BitMart and CoinTiger, and has subsidiaries in Norway (Conax
Technology AS, established in January 2010), Lithuania and El
Salvador. #MoreThanMoney For more information, visit
www.reltime.com
TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX logo are
trademarks owned by IDEX Biometrics ASA. Reltime and the Reltime
logo are trademarks owned by Reltime AS. All other brands or
product names are the property of their respective holders.
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