Nah it doesnt. I did this years ago with hive private keys on a nfc chip for gift cards at hive fesy. Its not secure and is only useful for gift cards for new users who need to take the hive off immediatly becaude anyone can walk by and steal the private key with a strong enough nfc reader
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First I've seen anything like it. I still think it's pretty cool. Used it the right circumstances it sounds like.