Coinsetter incorporates LaunchKey for biometric authentication

Monday, 11/08/2014 | 14:47 GMT by Leon Pick
Coinsetter incorporates LaunchKey for biometric authentication

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

Users of the Bitcoin Exchange 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.

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

Users of the Bitcoin Exchange 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.

Topics
coinsetter
About the Author: Leon Pick
Leon Pick
  • 1998 Articles
  • 5 Followers

More from the Author

CryptoCurrency

Executive Interview with Elina Pedersen | Your Bourse | FMLS:24

Executive Interview with Elina Pedersen | Your Bourse | FMLS:24

Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
More Videos

  • Executive Interview with Rauan Khassan | TradingView | FMLS:24

    Executive Interview with Rauan Khassan | TradingView | FMLS:24

    Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24

    Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24

    Fintech Talent in the UK: The Human Factor Driving Industry Change 🌟 What does it take to attract, retain, and upskill the best fintech talent in today’s rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industry—without replacing the human touch. #fmls #fmls24 #fmevents #recruitment #financialcareers 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Fintech Talent in the UK: The Human Factor Driving Industry Change 🌟 What does it take to attract, retain, and upskill the best fintech talent in today’s rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industry—without replacing the human touch. #fmls #fmls24 #fmevents #recruitment #financialcareers 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Executive Interview with Roberto Politano | Finnovate Finance | FMLS:24

    Executive Interview with Roberto Politano | Finnovate Finance | FMLS:24

    Executive Interview with Roberto Politano from Finnovate Finance at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Executive Interview with Roberto Politano from Finnovate Finance at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Executive Interview with Drew Niv | TraderTools & ATFX | FMLS:24

    Executive Interview with Drew Niv | TraderTools & ATFX | FMLS:24

    #fmls #fmls24 #fmevents #cyptotrading #DigitalAssets #pepperstone 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    #fmls #fmls24 #fmevents #cyptotrading #DigitalAssets #pepperstone 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!