FINTECH

Anonybit Launches Decentralized Biometric Identity Platform on NayaOne

Raj Desai2 weeks ago2 weeks ago02 mins

Anonybit has launched its decentralized biometric identity platform within NayaOne’s Tech Marketplace, allowing financial institutions to conduct low-risk tests of the technology. This initiative aims to accelerate the adoption of innovative identity management solutions, thereby enhancing security and efficiency in financial transactions. Anonybit has integrated its decentralized biometric identity platform into NayaOne’s Tech Marketplace, allowing…

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Cyprus Launches Digital ID Application Process for Citizens

Sofia Martinelli2 weeks ago2 weeks ago04 mins

Cyprus has initiated a digital ID application process called IDME.cy for citizens aged 18 and above. Applications began on January 27, 2023, requiring online submission and biometric capture. The digital ID enhances security and access to services, with the first 30,000 IDs issued for free. A digital wallet for storing IDs will also be launched,…

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Cyprus Launches Digital ID Application Process for Citizens

Raj Desai4 weeks ago4 weeks ago02 mins

As of January 27, 2023, Cyprus has opened applications for digital ID cards for citizens 18 and older. The digital ID, IDME.cy, aims to streamline access to services and supports biometric authentication. Initial adopters can receive their IDs for free, with a focus on compliance with EU regulations and future integration with digital services. Cyprus…

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Biometric Payment Market Projected to Hit USD 34.8 Billion by 2032 Driven by Demand for Security and Convenience

Sofia Mendez3 months ago3 months ago06 mins

The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…

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