iCache Inc has announced the release of the Geode, a secure digital wallet for the iPhone 4 and 4S, which the company states to be the first of its kind, worldwide. Available in several colors and simultaneously acting as a protective case for your iPhone, the Geode is a device which promises to store all your credit, debit and loyalty cards in one secure platform - turning an average trip to the grocery store into something which resembles a scene from a James Bond movie.

While the utility of not being required to carry around all your cards at all times is obvious, the security-conscious may balk at storing such valuable information on one digital device. iCache doesn't appear to be taking any chances, however, as the Geode makes use of biometric fingerprint technology to ensure that only the correct user can access the data - this is done by performing a quick finger swipe.

There is also an optional self-erase fail-safe system built into the Geode, which can be programmed for a specific time frame in case of loss or theft.

The digital wallet system works as follows: existing credit and debit cards are swiped into the Geode via an included card reader, while loyalty cards can be added by taking a photo with the iPhone's own camera. Credit and debit cards are then supplanted by the included GeoCard, which transforms into any desired card with the tap of a button on an included app. Loyalty and membership cards are replaced by a small e-ink screen which sits on the rear of the device.

The Geode is promised to work with all existing point of sale systems, and is available to order now at US$199.

Source: iCache