Johann Cauberg, head of BioSSL & biometric industry veteran sees potential which biometrics can unlock for the blockchain stating:

"The strength of the chain is measured by the weakest part. In blockchain it is the user himself. So the stronger the security is in the network & the blockchain is self-supporting security, the weaker it is for the user. By creating a biometric password, the user will be the owner of his data...for life". 

- Johann Cauberg 

Since the emergence of credit card & debit card payments consumers have required verification & back then to access your account, make an ATM cash withdrawal or even make an in-store card payment required a 4-digit personal identification verification which went digital before bitcoin in 2008.

WHAT ARE BIOMETRIC PAYMENTS?

The use of an individual distinct biological feature such as: 

1. Fingerprint 

2. Eyes 

3. Face

4. Voice 

to verify identity during a transaction is called a biometric payment.

TYPES OF BIOMETRIC PAYMENTS 

1. Fingerprint Recognition 

2. Facial Recognition 

3. Iris/Retina Recognition 

4. Voice Recognition 

5. Vein Patterns 

6. Signature Recognition 

BIOMETRIC VERIFICATION OF CRYPTOCURRENCY PAYMENTS 

There is a lot of online content on the 1% & the reality is that the 1% need a permanent 99% underclass but web 3 & even India's UPI technology has potential to level the playing field & eliminating the wealth gap. UPI technology in India if it ever is available to American & Canadian citizens would potentially bridge the gap between the 1% & the 99% but the 1% never share their throne with the 99% that's just the way it is, that's why the 1% fight cryptocurrency & decentralization & UPI technology is digital identity created by the 1% China knows the importance of gold: "he who owns the gold sets the rules", China knows the value of oil energy & see oil as "Black Gold", wars between nations have always been fought over natural resources such as oil, the Falklands War is one example of a war that was fought over oil, the 1% own the gold, control the oil, own the real estate, buy the infrastructure, create new infrastructure, have powerful tools at their disposal & centralized web 2 technology is where the 1% via user data collection are able to profile people (Facebook being one example who access user contact details & create shadow profiles of people who have never used Facebook), orchestrate scams & account hacking, set the rules & rig the system (match fixing is linked to sports betting where the outcome of the sporting event is fixed or rigged & sports betting companies use a small percentage of their promotional ad revenue as an incentive for consumers - gambling is not designed for the 99% to be rich but is designed to keep the 99% poor). The 1% own the system which works for the owners who market their system to the consumers who create wealth for the owners of the system & whilst the system does work to a certain degree for the consumers there are limits how far consumers can go & surpassing those limits is considered a threat to the owners of the system because the owners fear the consumers replacing their throne of ownership, the consumer is the competitor & the owners of the system hate competition & hate small independent business owners but in England where they're approaching a national election the nationalist political figures have found a home in the cryptocurrency space & talk about the banks & elite but the problem is that the 1% own the entire political space on every level in England what we're seeing is a nationalist political business figure sent out by the 1% elite who own the system so what happens is that the nationalists create hype among the 99% & those who question the hype are seen as opponents & whilst the nationalists in England (I'm not referring to America) promise freedom to who they view as populists what they're doing is marketing the system owned by the 1% to their consumer base who are part of the 99% who forget that the nationalists like the liberals own the gold & set the rules, but the owners of the system permit the system they own to work to a certain limit for their consumer base which is another way they generate wealth from their consumer base but when the consumer moves beyond the boundaries the owners of the system have set in place the owners of the system penalize consumers trespassing boundary limits of the system & because the owners of the system have their consumer base the owners can create bad publicity of the consumer trespassing the boundaries limits of the system & sell it to the general public who are easily swayed & influenced & the consumer who has violated boundary limits ends up being criminalized & jailed but if another consumer creates a new system & creates freedom from the system which would be decentralization then the 1% view it as rebellion against their system & hunt for the rebel & the rebellious adherents of the new decentralized system & that's exactly what we see with nationalists in England (again not referring to America) & their businessman/nationalist leader have they really found freedom in the cryptocurrency space? Or are they sent as hunters to surveillance activities in the web 3 landscape? Are they as joint owners of the centralized system among the 1% pursuing the rebels who have found freedom in decentralization? It's control but it's greed & selfishness. Biometrics is a tool the 1% have at their disposal to control web 3 transactions. Money is private property & the accumulation of money provides financial mobility but the introduction of credit cards & debit cards was a deceitful tool for the 1% to offer debit card holders cashback or airmiles & offer consumers loyalty store cards where a certain number of points can be redeemed for instance in exchange for a free two night hotel stay, but whilst from a personal vantage point airmiles, cashback & discounted or free stays are nice & are appealing there's no such thing as a free lunch because cashback or a free hotel stay is simply an exchange for consumer data collection for a free two night hotel stay, consumers pay a price called individual consumer data & whilst debit cards with cashback is nice & now debit cards or even pre-paid debit cards with cashback & airmiles too (once perks for only credit card holders) debit cards & credit cards provide the 1% access to the financial transactions of the 99% that's how the 1% collect personal data which they own & control & can tamper with which gives them the ability to create profiles of individual consumers & set the rules by creating Personal Identification Number security & control transactions & it's no surprise the 1% hate mining & staking & decentralized peer to peer networks. Scammers, phishing & hacking is associated with the 1% & centralization that's why the 1% tell the 99% their password security is a failure so the 1% can legally enact & use biometric verification & control cryptocurrency transactions on the blockchain. Why do I not mention America? Simple the joint-stock companies were a way for artisans to take power out of the hands of the monarch until the monarch cut a deal & entered into the joint-stock company space which led to the London Plymouth Company & the Jamestown colony & ultimately the Battle of Yorktown & American independence from tyrannical control. What do we see happening today in geopolitics? Decentralization has taken power out of the hands of the system of centralization, but the 1% can manufacture in-fighting amongst themselves to draw the attention of the 99% & there was the nationalist political leader in England locked out of the financial system but his political opponent on the far liberal left who is female campaigned for her political opponent & got his bank account re-opened making the political debates "rigged" & organized far liberal left & far right nationalists work together for their own mutual benefit never for the benefit of the 99% but the 1% arranged for their fellow 1% joint owners to be locked out of their centralized financial system to go into the decentralized space & cut a deal with the web 3 community for a purpose: potential ownership & centralization of the web 3 space. Geopolitics & decentralization is not playing out today in the exact like manner of the monarch & joint-stock companies ships sailing to the Orient bringing back spices where the artisans received a share of the profits which was the decentralization of that historical era but history does find a way to repeat itself. 

Aristocracy has another name: "Technocracy". But scammers who gain unauthorized access to account information such as phone scams in Canada were shown to have political figures involved sharing in the pot of millions made by phone scammers - scams & privacy risks are orchestrated by the 1% who simply set the rules, creating the privacy policy of two-step verification where numerous consumers are unable to access their accounts because they are unable to access OTP SMS on there smartphone device & the 1% who have the ability to set the rules & resolve this issue create a solution: biometric payments. 

There are pre-paid cryptocurrency cards which means all it takes is a pre-paid cryptocurrency MasterCard with airmiles & cashback on every purchase, virtual currency wallet & possible amendments to the Travel Rule legalizing biometric payments when sending virtual currency & biometric deposits when receiving virtual currency even mandating biometrics on both the sender & recipient or vice versa being the recipient & the sender.

UNDERSTAND CLOSED CIRCUIT TELEVISION SURVEILLANCE TO GAIN INSIGHT INTO BIOMETRICS

Closed Circuit Television or CCTV was first installed in London, England & was hailed as "The (British) Peoples' Technology" but in England once something becomes legal what happens is ways are legally sought out to extend its usage. But I am not going to get into too much detail on CCTV technology which first was renowned for infrared technology and facial recognition, face recognition is a built in feature of smartphone devices but CCTV has voice recording capabilities likewise smartphone devices have voice recognition Google Assistant being one classic example. It was not too long after CCTV was first installed around places such as Buckingham Palace & Trafalgar Square & then it's usage extended into British workplaces, but, CCTV before it was in widespread public use & extended its reach into street & workplace usage was used on London public transit as London leads Europe as having the highest crime rate in Europe & whilst CCTV was welcomed by the general public who were convinced that CCTV being a public security surveillance system offered the general public personal protection there was a high price the general public paid which was the exchange of their privacy for personal protection & there were those who predicted that Britain was on the same course as China to reach the destination of becoming a police state as British law enforcement can access CCTV footage specifically due to the ability of CCTV face recognition of identifying wanted criminals.

For the 1% to market their technology in England they tap into the power of popular youth culture & their role models such as soccer stars who are the most powerful brand ambassadors & a tool for the 1% to market their technology & certain sports or music celebrities who endorse the technology & give their personal testimonials leads to young vloggers creating hype & trends hence the term popular culture & its consistently changing norms & values, but, for instance, I definitely agree that getting a good education to get a good job & save money is outdated, but additionally king Alfred the Great of Wessex created the educational curriculum but the design of education is that the students can be better servants of the 1% & the educational curriculum teaches compliance with the system the 1% created since the 1% own the education system, the corporate system & the financial system but what the 1% are gifted at is their ability to portray those who oppose new technology as an enemy which makes popular youth culture their most powerful weapon that's why those who swim against the grain of new technologies such as Artificial Intelligence & biometrics usually find themselves opponents of popular youth culture who tutor their audience, it no longer works anymore & then utilize critique which creates a bad public image of their opponents but at the same time a popular tagline is "your network determines your net worth" & "invest in yourself first", "sign up for this webinar" or "join their Facebook group" but you need to be part of the correct network because it's who you know & you can join a Facebook group but you may not have been taught about "spam" no person goes from homeless broke to luxury mansion billions overnight with zero investment - the get rich quick scheme is a myth as generating a full time income that covers the bills & rent payments which create wealth & financial independence takes time (sometimes years) & effort with zero investment it is possible to go from zero to billions without investment but will take a good few years & most quit because popular culture has clickbaited the social media audience into easy lazy quick money & making CAD$5,000 daily using a certain method for one purpose: views. The reality is that making from CAD$100 - CAD$5,000 daily requires financial investment hence the phrase "you get what you pay for", premium quality is never free or cheap but expensive & the more investment the quicker full time income creation is accomplished but with risk just like life savings deposited into a savings account in a commercial bank or a credit union is at risk but no bank or credit union warns their customers their deposits are at risk & deposit only what you're willing to lose, yet those same commercial banks say investing in cryptocurrency is a risk.

In Canada MasterCard biometric payments were popularized amongst the Canadian general public but there are the skeptics. But recently certain Playtime Rewards app companies require users to test apps by playing games such as Solitaire on a smartphone device & opt to redeem their minimum points requirement for PayPal cash to undergo face or even voice verification which I have personally had to encounter because biometrics appears to be extending usage from biometric payments to biometric virtual currency deposits into virtual wallets because when something is legally placed in usage in one area ways are legally sought out to  extend & enact usage into other areas.

DANGERS OF BIOMETRIC PAYMENTS 

• Digital image creation 

• Law enforcement access to digital images 

• Potential criminalization of certain groups due to facial identity recognition 

• Businesses & virtual wallets shutting out certain individuals from making payments & when cashing out virtual currency being shut out from depositing virtual currency into virtual wallets 

• Exclusion from the financial system 

• Spoofing 

• Biometrics & A.I using digital images linking innocent people to criminality 

• Arrest, false charges & false sentencing or penalization.

• Loss of financial mobility due to exclusion 

CONCLUSION

With proof of humanity due to A.I & automated accounts such as bots, the rising popularity of the Indian UPI technology which can potentially bridge the wealth gap but also UPI being digital identity has created cashless societies such as India, the digital Yuan which potentially provides the homeless the ability to access the financial system can create a police state where online activity & run-ins with law enforcement entering private property can take place within two minutes if instant messaging violates government enacted speech laws. Worldcoin & Soramitsu with the potential to create widespread use of CBDC & the Travel Rule, Soramitsu & it's ability to be used as payment method both in-store & online where users can pay with cryptocurrency together with Worldcoin, UPI proof of humanity & digital identification & the Travel Rule creates the possibility to legalize use of biometric cryptocurrency payments & biometric cryptocurrency deposits into wallets which can one day become a reality but consumer financial independence from the system will always be a possibility but expect daily consistent challenges on the journey that's just the way life works. 

 

Previous Posts 

https://www.publish0x.com/encryptocurrency-blogger/using-a-robo-advisor-as-a-crypto-exchange-xkedyev

 

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