(Bitcoin Under The Skin) Why People Are Using Subdermal Microchip Wallets

Bitcoin Under The Skin – Why People Are Using Subdermal Microchip Wallets

Dutchman Martijn Wismeijer is very cautious when it comes to storing Bitcoin – so much so that in 2014, he had two NFC (near field communication) chips surgically implanted into each hand to store his encrypted Bitcoin keys
Wismeijer stated a number of reasons for the drastic method of storing crypto, saying he had lost the majority of his Bitcoin over the years to exchange failure, hacking, and theft.
“I can safely say most of the bitcoin, more than 80 percent, I have lost due to hacks, thefts, exchanges gone bad and other problems. If I would’ve had the chip in 2010, I’d probably be a rich man by now.”
However, Wismeijer was also simply curious about the idea of storing his digital currency in his skin, telling IBTimes
“I did it because I wanted to experiment with strong bitcoins using subdermal implants because that’s what I thought would be the Holy Grail of contactless payments.”
He had the procedure done at a body piercing studio, which he recommends to anyone wishing to have the procedure done. The chips are manufactured from glass and measure 2mm x 12mm end to end, the size of a small grain of rice. Wismeijer said the process was less painful than an IV drip injection, and pointed out that the procedure is commonly carried out on household pets with no issues.