“We are on the verge of a massive paradigm shift in terms of how we protect knowledge across all types of devices, especially those used for monetary transactions,” said Sam Shawki, CEO of MagicCube. “The shortage of chips that completely shuts down industries and the costs of emerging devices have shown how archaic the existing technique is and how valuable MagicCube’s solution is in solving this challenge; this cycle is a mirror image of that. “
MagicCube’s software-based secure execution environment (sTEE) is the first and only software solution to be identified through EMVCo, the global consortium responsible for defining interoperability and acceptance criteria for secure payment transactions, to provide degrees of coverage comparable to those of hardware approaches. . .
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SOURCE MagicCube