IDEX Biometrics currently sits at an impressively low price point, presenting a tempting opportunity for investors. This is especially notable considering the company's readiness to start fulfilling large scale production orders for biometric payment cards.
Mastercard's approval of the biometric payment system sets a promising stage for IDEX. As we move into the next year, we can expect to witness a surge in the usage of biometric fingerprint sensor-enabled credit cards. Further solidifying IDEX's potential, we anticipate these biometric features to extend to company identification cards as well.
An intriguing aspect of IDEX is its workforce, which is enriched with former Mastercard employees. This not only brings in-depth industry knowledge and experience but also strengthens its connection with Mastercard, a major player in the payment industry.
All these factors combined, IDEX Biometrics looks primed for a significant uptick. With its low stock price, strong industry connections, and market readiness for large scale production, now might be the perfect time for investors to step in.
From mod @zAngus