WISeKey has launched cryptocurrency platform that uses biometric authentication.WISeCoin, a Blockchain platform that enables countries to launch their own cryptocurrencies in an environment that provides interoperability in a similar fashion as current analogue currencies.Blockchain technology has triggered innovations and introduced a new era in finance. Today, cryptocurrencies have become a global phenomenon, so much so that even central banks are trying to create their own cryptocurrency systems. To this end, WISeKey is helping cities and nations around the world create their own cryptocurrency with WISeCoin, its Blockchain platform for cryptocurrencies. With its revolutionary design and state-of-the-art cryptographic security system, WISeCoin is poised to disrupt legacy systems for transacting value and revamp global economic infrastructures.WISeCoin uses the latest blockchain technology and works as part of payment system using WISeKey Blockchain-as-a-Service (“BaaS”) technology offerings. To empower a seamless cryptocurrency enabled economy, WISeCoin is supplemented with highly secured solutions such as biometrics-driven hardware wallets, integrated exchange platforms, MicroChips Blockchain enabled semiconductors, and NFC-based contactless payment solutions. WISeKey's objective with WISeCoin is to become an emerging powerhouse in the global cryptocurrency market by supporting the development of economies built on Blockchain technology.”Rapid advancements in digital technologies have started to transform the global financial landscape. Government-regulated cryptocurrencies enabled with a proper level of security, governance and digital identity are required to realize the true potential of digital currencies,” says Carlos Moreira, CEO- WISeKey.”The WISeCoin offering will be tested during the next 6 months on selected countries using WISeKey Blockchain technology, and will be gradually offered to citizens,” says Bikramaditya Singhal, Practice Head- WISeKey.WISeKey is working with several governments to enhance their existing cooperation on identity management, vehicle and land registration, lifecycle management, and to develop their own cryptocurrencies using Blockchain technology. These cryptocurrencies can enable financial transactions that offer multiple advantages, including faster processing, improved security, and reduced transaction costs.
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