Cryptopolitan 2019-06-25 19:00:31

Saudi Arabia testing ATM face recognition technology with blockchain

Alhamrani Universal, one of Saudi Arabia’s largest ATM providers has partnered up with a US-based identity platform ShoCard in order to introduce a completely revamped method of using ATMs in the country. According to research, US citizens suffered as many as 60 million credit card theft last year alone and Saudi Arabia is no different. The local banks are starting to see the issues with credit card fraud and therefore are hoping to solve the issue by using the blockchain technology. ShoCard will introduce a completely new algorithm to the local ATMs which will allow users to access their accounts

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