B.P.S – Biometric Payment Systems
The future of money at your fingertips
Through the B.P.S SmartWallet, anyone can create an account within minutes, after the full ID verification is made.
Users can sign up with their fingerprint or get referred by someone who is fully verified in the system to get their own B.P.S account.
B.P.S SmartWallet allows users – and only them – to control their own assets from anywhere, as long as they have a mobile device which supports biometric authentication – like a tablet, smartphone or a fingerprint device connected to a PC or Laptop.
Digital payments is a flourishing segment expected to reach USD 5,411,354m in 2022. At the same time, almost two billion people worldwide remain unbanked presenting an enormous opportunity for expansion.
The rapid growth of cashless payments outlines the need for cyber-security to meet new threats. Biometric authentication presents the ultimate solution to this emerging challenge. More than two-thirds of Europeans want to use biometrics as a method of payment authentication for convenience and security.
In parallel, blockchain technology is disrupting many markets and is forecasted to grow to 2.3 billion USD by 2021.
Now, imagine for a moment the explosive combination of digital payments, biometric authentication, and blockchain technology: This is Biometric Payment Systems, or short: B.P.S
With our SmartWallet the future of money just began.
The idea came in 2017 when our founder/CEO was with his girlfriend at the beach and wanted to go into the sea for swimming asking himself where to leave the money to be safe?
The idea was born. A fingerprint you are always and everywhere carrying with you and in combination with a pin code, it would be absolutely safe and not possible to copy, steal or fraud.
This idea was then step by step expanded to what is now B.P.S – Biometric Payment Systems.
Outlined the project concept and defined the Minimum Viable Product that can be launched in BETA.
Technical writing and design of the Whitepaper.
The ERC20 token creation and launch of the token (BPST) distribution contract.
2. Authentication (two factor enabled)
3. Virtual wallet that manages balances
4. Deposit funds in multiple currencies
5. Purchase tokens in dashboard
6. REST API as a controller:
– Integration with smart contract
– Sync UI with DB
– Mobile endpoints that serves requests from mobile apps
– Sync real time crypto data
– Contract data sync into DB
1. UI & UX for the B.P.S SmartWallet
2. Two factor authentication
3. send/receive currency
4. Create new account option
5. Withdraw currency
Support for payments via Bank Transfer.
Launch of the token sale on our ICO dashboard at ICO.BPS.money
Testing and fixing bugs, improve the security level
Deployment of 5000 ATM units in Europe.
Project token listing on the first exchange.
The B.P.S SmartWallet protects the user privacy by keeping the users’ fingerprint patterns carefully encrypted and contained within the secure hardware on their mobile device.
This guards against malicious acts, ensuring that users can safely use their fingerprint.
When the user opens up the B.P.S SmartWallet, it creates an asymmetric key pair, it sends it to our backend server and prompts the user to touch their fingerprint.
The backend will use the public key to verify the future transactions that are authorized by the user. When a user activates their fingerprint reader to purchase an item, they’re unlocking a hardware-backed cryptographic vault.
After the successful authentication, the signed piece of data with the transaction information will be sent to the backend. The backend will verify the signed data using the public key enrolled the first time.
B.P.S leverages blockchain, biometrics and artificial intelligence to offer a revolutionary decentralized payment system to users worldwide. Users will get rewarded for participating in B.P.S, and rewarded activities will fuel the growth of the platform.
To support its development B.P.S is introducing the BPST token and launches a very promising Initial Coin Offering (ICO) campaign.
We believe that giving people additional opportunities to earn by engaging with the platform will incentivize the client participation, retention, and enthusiasm. It also ensures more liquidity within the engine, which keeps spreads low and generates higher overall volumes.
We intend for users to get rewarded for participation and recommendation at B.P.S as the platform develops.
Referring friends to the platform, and completing the user feedback forms designed to help the team improve the platform.
The system is based on a two level limited referral system that rewards users that refer other users, up to two levels.
For example, if one SmartWallet transfers an amount (which we consider 100%) to another SmartWallet then the receiving SmartWallet gets credited 99%.
We already launched in cooperation with our partner company BTM Service Gmbh our first crypto-ATMs (BTMs) at many locations. There you are able to exchange FIAT-money into the top crypto currencies and also you are able to exchange the top crypto currencies in FIAT-money. With our two way BTMs we build up a connection between the FIAT-currencies and the crypto market. Our network of BTMs is constantly expanding. Soon we are located near to you!