SmartMetric Biometric Chip Credit Card Addresses the Existing and Growing 1.6 Billion Chip Credit/Debit Cards Issued in the United States

NEW YORK, March 21, 2022–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): Is the only US-based biometric card manufacturing company that caters to the existing credit and debit card market which now exceeds more than 1.6 billion of dollars. 1 cards issued.

According to consumer research commissioned by SmartMetric, Inc., nearly 70% of chip-based credit card holders would pay more than $60.00 for a credit card with built-in biometric fingerprint protection technology , such as the one made by SmartMetric. Halving those estimates, it’s conceivable that future sales and revenue for the SmartMetric secure biometric credit/debit card would be over $33 billion in the US market alone.

A 10% adoption rate of more secure biometric credit cards by U.S. consumers would drive over $9 billion in revenue based on consumer research showing what consumers are willing to pay for card security improved biometrics. But if a more pessimistic adoption figure of just 1% is used, the projected revenue on that would be $960 million.

Based on the perceived increase in fraud protection the SmartMetric biometric card brings to card users, research commissioned by SmartMetric shows potential mass user adoption by credit and debit card users in the United States. United only, said SmartMetric President and CEO Chaya Hendrik.

SmartMetric makes no representations as to future earnings or sales based on such market research and analysis.

SmartMetric has invested over $30 million in the development of its fingerprint-enabled credit card and is currently in discussions with major payment networks regarding the use of its cards on their respective global networks.

The US credit card market, while large at 1.6 billion cards and growing, represents only a fraction of the number of all chip cards issued worldwide. However, the United States leads the world in the dollar value of transactions made using credit and debit cards.

The figures published by EMVCo 2 reveal that by the end of 2020, 10.8 billion EMV® smart cards were issued by financial institutions and were in circulation around the world – a massive increase of nearly a billion EMV credits and debits® charts compared to the previous twelve months.

SmartMetric has licensed patents and patents pending and trade secrets protecting its biometric card technology.

To view the SmartMetric biometric card, please follow this link – SmartMetric biometric card video. To view the company’s website: www.smartmetric.com

1 Quick_Resource_Introduction_to_EMVCo_SEP21_US.pdf
2 The data source: 10 Billion and Counting: What the Latest EMV® Chip Data Means for Global Payments – EMVCo

EMV is a registered trademark of EMVCo

Safe Harbor Statement: The forward-looking statements contained in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, such forward-looking statements are as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by using words such as “may”, “could”, “expect”, “intend”, “plan”, “seek”, “anticipate” , “believe”, “estimate”, “predict”, “potential”, “continue”, “probable”, “should”, “would” and variations of these similar terms and expressions, or the negative of these terms or expressions similar. These forward-looking statements are necessarily based on estimates and assumptions that, although considered reasonable by us and our management, are inherently uncertain. Factors that could cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our growth plans; changes in the competitive environment of our industry and the markets in which we operate; our ability to access capital markets; and other risks discussed in the Company’s filings with the United States Securities and Exchange Commission, including our Annual Report on Form 10-K, which documents are available from the SEC. We caution you not to place undue reliance on forward-looking statements, which are made as of the date of this press release. We undertake no obligation to publicly update these forward-looking statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting the forward-looking statements, except to the extent required. by applicable laws. If we update one or more forward-looking statements, no conclusion should be drawn that we will make additional updates with respect to such or other forward-looking statements. Investors and security holders are urged to carefully review and review each of SmartMetric Inc.’s public filings with the SEC, including, but not limited to, where applicable, annual form reports. 10-K, proxy statements, Current Reports on Form 8-K, and Quarterly Reports on Form 10-Q.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220321005764/en/

contacts

SmartMetric, Inc.
Chaya Hendrick
Tel: (702) 990-3687 or (305) 607-3910
[email protected]
www.smartmetric.com

Comments are closed.