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SmartMetric Says Latest Research Report Claims Over 500 Million Chip Cards To Be Issued Globally Over The Next Five Years
SmartMetric Says Latest Research Report Claims Over 500 Million Chip Cards To Be Issued Globally Over The Next Five Years.
About this update from Smartmetric, Inc.
[{"type":"text","content":"\n \n SmartMetric, Inc. (OTCQB:SMME), the developer and manufacturer of \n advanced biometric credit/debit and security cards, says the latest \n research on the size of the biometric card market for credit and debit \n cards confirms the significant size of this specialty card market based \n on the biometric in-the-card technology developed by SmartMetric. The \n SmartMetric biometric credit/debit and security card uses a miniature \n fingerprint scanner inside the card that is used to identify and \n validate the card user and then activate the card based on a match of \n the card holders' fingerprint biometrics. It has taken SmartMetric over \n a decade of research and development to miniaturize a fully functional \n fingerprint scanner that is less than a quarter the thickness of a \n standard credit card.\n \n \n Independent research by Goode Intelligence, a London based research \n company, reports that its latest research on the size of the biometric \n credit and debit card industry states the market for biometric credit \n and debit cards will reach close to 579 million issued cards around the \n world within the next 5 years.\n \n \n “We welcome this research report as it clearly shows the enormous size \n of the market for our biometric credit/debit card. Based on our own \n contracted research conducted by an independent consumer research \n company that shows up to 70% of existing credit card users are prepared \n to pay for a premium biometric secured credit card, it is possible that \n this projection of half a billion cards being biometric cards is in fact \n an underestimation,” according to SmartMetric’s President and CEO, Chaya \n Hendrick.\n \n \n “The market is so large that even a small percentage market share will \n result in multi millions of our cards being used. Having said that, our \n cards are arguably the most advanced in that they allow for usage across \n all reader types such as ATMs and retail store readers, and stand a good \n chance of being the leading card adopted by banks around the world,” \n Chaya Hendrick said.\n \n \n Goode Intelligence said “there is a significant market \n opportunity for biometric payment cards and we forecast that by 2023 \n there will be almost 579 million biometric payment cards in use around \n the world.”\n \n \n ...