Video: iOS 8 Touch ID Bitcoin Wallet By Chain

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Here’s a neat little video if you’ve got under two minutes to burn.

Chain Inc., a block chain API for developers, has today posted a video on YouTube with a nifty little demo of an open source bitcoin wallet making use of Touch ID on iOS 8.

Now, just in case you’re not up to date with the latest Apple technology, iOS 8 is the latest iteration of the company’s mobile operating system. Introduced in early June, it is currently only available for registered developers, and will be making a public release some time in September.

Touch ID is a relatively new feature when it comes to Apple gadgets. It’s essentially a fingerprint scanner that made its debut on the iPhone 5S, though with iOS 8, Apple has allowed developers to make use of the hardware as an authentication method for their apps.

[ot-video type=”youtube” url=”https://www.youtube.com/watch?v=DcdThwai2V0″]

You can see that the user sending the bitcoin simply needs to place his index finger on the home button to prove it’s really him trying to send out the money to the other user. How’s that for security?

As mentioned, the software is open source, and the contents of the code can be found over at GitHub.

What do you think? Could this be the future of bitcoin wallets for mobile devices?