The world’s first biometric crypto card will be introduced in the United Arab Emirates, marking a significant advancement in cryptocurrency security. The new card, called sAxess, was created by the blockchain-based security platform Serenity with the goal of reducing the growing worldwide risk of digital asset theft by doing away with conventional password-based verification.
sAxess: A Password-Free, Fingerprint-Based Solution
Unlike conventional security methods, sAxess uses fingerprint recognition to verify transactions and access cryptocurrency storage, providing a more secure alternative to passwords and private keys. As crypto-related crimes continue to surge, Serenity’s innovative approach could help close loopholes exploited by hackers.
Tapping into a Rapidly Growing Market
The debut occurs at a pivotal moment for the digital asset market, which is valued at $40 billion at the moment and is projected to reach $147 billion by 2034. With smooth, biometric-only authentication, Serenity’s biometric technology provides a single platform for transferring, receiving, and managing over 10,000 coins.
Enhanced Protection with Decentralized Storage
In addition to securing transactions, sAxess integrates with sBox, Serenity’s decentralized storage solution, designed to safeguard sensitive information like seed phrases and passwords—key targets for cybercriminals.
A Game-Changer in Crypto Security
By combining decentralised money with biometric security, Serenity is establishing itself as a frontrunner in the battle against cybercrime involving cryptocurrencies. This most recent development represents a substantial advancement in the evolution of cryptocurrency protection since it not only improves security but also makes digital assets easier to access.
