Coinsetter incorporates LaunchKey for biometric authentication

Coinsetter is going biometric with is incorporation of LaunchKey's authentication system.

Users of the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term were previously offered two-factor authentication. Now, they can be authenticated through facial recognition and fingerprint reading. Facial recognition is performed via a mobile device's camera, and fingerprint reading through the touchscreen.

Coinsetter notes that such security measures are even stronger than two-factor authentication (2FA). While 2FA does provide an added layer of protection, it does not ensure authenticity if the backup media (e-mail, phone) are already compromised.

Encrypted biometric info is stored on the mobile device. Facial recognition is available for both Android and iOS. Fingerprint reading is available for Android, with an iOS version scheduled for the release of iOS8.

Similar technology was been employed by a new Bitcoin ATM in Canberra, Australia.