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Your cell phone can fight counterfeit money with this MAGnite tech by G&D

Posted: , by Daniel P.

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Your cell phone can fight counterfeit money with this MAGnite tech by G&D
Phones do a lot of things these days, but we bet you haven't thought of this application - fighting counterfeit money with your trusted handset. Giesecke & Devrient (G&D) is the company in charge of producing a number of the world's currencies, and is always trying to be at the forefront of security banknote features.

MAGnite is the latest invention, and is basically a thin and durable microcapsule that contains enclosed and protected dyes which react to magnetic force. The ink arranges in a certain pattern, depending on the magnet it is aligned with, allowing to visually certify that the banknote you are holding is legit.

What G&D has thought about is that most of us are carrying cell phones these days, and the speakers in these handsets have simple magnets in them. Thus the MAGnite counterfeit operation works with any cell phone, too, just that the pattern of the ink is oval instead of the streak one that store anti-theft gear would produce.

G&D are hoping that such a system can be put in place instead of complex watermarks or archaic security threads. This way you can quickly place the Benjamins just received in Starbucks for that Craigslist iPad over your phone's speaker, and if the thing morphs into an oval shape, get the buyer a coffee.

Press Release

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posted on 11 Dec 2012, 12:52

1. Stuntman (Posts: 729; Member since: 01 Aug 2011)


I use the LED flash (as a flash light) to check the authenticity of the new Canadian bills.

posted on 12 Dec 2012, 01:25

2. makibo (Posts: 2; Member since: 15 Nov 2012)


bet they didn`t anticipate alternate speaker technology - like in the Kyocera Urbano Progresso phone ;)

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