Well, living in Calgary, I am interested to see where they're going to be placing it in the city. I haven't been able to find any information regarding this, but last time I checked was about a week ago.
Would be a great investment for sure.
This is pretty cool. I do not think the palm scanner is necessary. Silly Canadian financial regulations..
IIRC they weren't required to, but they did it for security down the line.
The palm scans are not stored with any personal info, they are just checked in the machine to ensure that the same person does not exchange more than $3000 per day.
And what's the point of no allowing more than $3000 a day? Is it to ensure that someone insn't taking advantage somehow? I know in Canada, Bitcoins do not quality under the Money Laundering Act & Terrorist Financing so there isn't really a need to limit the amount of money transferred as it does not have to be reported to FINTRAC (Canada's regulated entity to deal with the Proceeds of Crime and Terrorist Financing Act).
They could do like other companies in Canada and use Cellphone numbers to regulate instead. Other companies require you to enter a legit cellphone number from a Canadian carrier only (No burners allowed) and will only allow certain number of transactions. Yes, if you have multiple numbers you can do the limit many times, but if you really wanted to you could pay randoms $5 (or $5 in drugs - lots of homeless in Vancouver) to use their hands to do more transactions.
I'm not a big fan of any biometrics related stuff.