Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
Cnote328
on 14/02/2018, 23:05:14 UTC
FORTY SEVEN BANK will also have there owned Smart ATMs. This is what I found at whitepaper.

"The bank will also oer traditional products and services like insurance, payments and transfers, payment history and analysis, cash withdrawals at Forty Seven Bank Smart ATMs, as well as at ATMs of our partnering banks."

Read it and it's nice plan but I don't seem to understand if they mean smart atm in the contest of an ATM that can be used universally or otherwise?

I'm thinking it has to do with the biometric security system that was stated on their whitepaper if i'm not mistaken, so instead of typing digits as your password, you simply do the fingerprint scanning for identification before having access to your funds

That would be a great improvement.
I have too many numbers or passwords and it is easier and safer with a fingerprint or other biometric security system.

This also have its draw backs. If you watch movie you should know better. If one bag get your finger print out of you by any means, they automatically Have access to your funds. And the option changing it ain't there since you can't really change your body's biometric

Every security system has its hidden flaw, i think in this case using finger print as a means of identification is much preferable than typing digits and i'm certain 47bank will have some level of finger print security.