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OSLO, Norway, August 9, 2022—IDEX Biometrics ASA and Reltime AS announce a strategic partnership to jointly develop and market the world’s first Web3 biometric payment card including cold storage and digital wallets, combined with digital identification. This all-in-one, EMV1-compliant biometric payment card is expected to reach the market in the first half of 2023. The biometric solution based on IDEX Biometrics’ sensor technology will enable EMV-compliant payments together with Reltime’s global Web3 financial ecosystem’s unique “check out” function.

By securing fiat and digital transactions with an additional, secure layer of authentication, the smart card will also include other unique features. In addition, this Web3 Cold Storage Payment and ID card will support other Web3, NFT and digital asset formats, meeting the needs of people around the world to protect their valuable digital assets from being stolen or lost, while safely storing them offline , without any intermediaries. The Web3 market is estimated to reach $81.5 billion by 2030, with rapid advancements in blockchain technologies and data ownership by users as key drivers2. The companies also plan to offer several white label B2B2C solutions, including Reltimes’FastTrack to Web3‘, which can be offered to financial institutions, telecommunications companies, fintech companies and other parties looking to develop Web3. “Reltime is very pleased with this new strategic collaboration with IDEX Biometrics”, says Peter Michel Heilmann, CEO of Reltime. “We see unlimited potential and opportunity by bringing this important, biometric, Web3 feature to Reltime’s Layer 1, Proof of Authority ecosystem in 150 countries. With this unique card, we actually solve three of today’s challenges that our global financial system faces people and businesses – cold storage, payments and identity protection – creating security against being hacked, cheated or, in the worst case, defrauded. The card also fits perfectly into our ‘FastTrack to Web3’ offering, enabling businesses with thousands of customers and large organizations with millions of customers to take advantage of the same benefits as Reltime’s current global, reliable, high-performance, Web3 platform.” “The collaboration between IDEX Biometrics and Reltime creates new opportunities for payment cards and digital authentication, creating market growth and new revenue streams,” said Vince Graziani, CEO of IDEX Biometrics. “We look forward to working with Reltime to jointly develop and market more innovative biometric technology solutions in response to growing consumer demand for all-in-one smart cards and solutions that protect digital assets and securely store them offline.” 1 (EMV) Abbreviation for Eurocard, Mastercard and Visa. 2 CAGR (2021–2030): 43.7 percent. Source: Emergen Research, Web 3.0 Market.
For further information, contact:
Cornelia S. van der Laak, International Relations Officer
Reltime AS
Tel.: +4740769988
[email protected] Michel Heilmann
CEO Reltime AS
[email protected] Twitter: https://twitter.com/reltime_rtc
Facebook: https://www.facebook.com/reltimeecosystem
LinkedIn: https://www.linkedin.com/company/reltimedefi
Telegram: https://t.me/reltimedefiecosystem
BitMart: https://www.bitmart.com/trade/en?symbol=RTC_USDT
CoinTiger: https://nomics.com/exchanges/cointiger/markets/rtc_usdt
About IDEX Biometrics
IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is a leading provider of biometric identification technology that offers simple, secure and personal authentication for everyone. We help people make payments, identify themselves, access information or unlock devices with a fingerprint. We invent, engineer and commercialize these secure yet user-friendly solutions. Our total addressable market represents a rapidly growing multi-billion device opportunity. For more information, visit www.idexbiometrics.com
About Reltime
Reltime is the world’s first global, Layer 1, Web3 financial ecosystem. Headquartered in Oslo, Reltime is building a new global finance group of people and businesses eager to take back control of their finances. Reltime members can send, receive, withdraw, deposit, borrow, lend, earn, exchange, interact, trade and open joint accounts within the Web3 financial ecosystem in 150 countries. They can also create their own ecosystem within Reltime. In addition, the company offers disruptive and pioneering white label B2B2C and Web3 embedded financing solutions (‘FastTrack to Web3’) to partners worldwide. Reltime has listed its RTC token on several global trading platforms, including BitMart and CoinTiger, and has subsidiaries in Norway (Conax Technology AS, established in January 2010), Lithuania and El Salvador. Reltime recently raised capital from GEM Digital Limited.#MoreThanMoney For more information, visit www.reltime.com and www.reltime.com/pitch
TRADEMARK PROTECTIONIDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. Reltime and the Reltime logo are trademarks owned by Reltime AS. All other trademarks or product names belong to their respective owners. See full press release and other news from this company at Cision News.
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