Biometric Bitcoin ATM’s Rolled Out in Australia

from A biometric bitcoin ATM has been unveiled at a mall in Sydney, Australia. This is the first of many to be rolled out across the country, and it uses a combination of biometrics to register and verify user identities.

According to a report in The Guardian, the ATM – deployed by Australia Bitcoin ATMs  — allows people to buy and sell bitcoins or exchange them for cash. Registration requires government-issued IDs, from which facial images are compared using a camera and a live image. Users also register palm prints, which is used to verify identity in future transactions.

The particular ATM was manufactured by Robocoin, which is the same company that provided the first bitcoin ATM in Vancouver, Canada.

Bitcoin, which is currently the best-known cryptocurrency, has seen the development of a few other biometric tools for authenticating users.

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