Fornebu-based IDEX Biometrics, a provider of advanced fingerprint identification and authentication solutions, announced that its fingerprint sensors and biometric software have been included in digital RMB (digital Renminbi currency) trials launched by the Postal Savings Bank of China. IDEX Biometrics mentioned that this digital RMB initiative is the only legal digital currency in China.
IDEX technology is included as part of a so-called hardware wallet which is enabled for both online payments via payment networks but can also support payments without a network. As part of the digital RMB initiative, these hardware wallets will be especially beneficial to certain parts of the population, such as the elderly, who can use digital RMB without the need for a smartphone, thereby helping to narrow the digital divide in financial services. Read from source….