Humaniq is a fintech company that aims to provide financial services to over 2 billion people who are currently unbanked, and include them in the global economy.
The plan is to enable financial inclusion by using a mobile application that will use the ethereum blockchain and biometric technology. Humaniq will be a financial ecosystem accessible to everyone regardless of their circumstances.
Phones costing around $20 will be given out on loan to people with the Humaniq blockchain app installed. The app will verify the user using biometric photo identification and give access to micro business loans and micro jobs provided by 3rd party companies. The cryptocurrency earned will be HMQ.
The ICO took place on the 6th of April 2017, and the coin started trading on Bittrex on the 10th of May 2017. Humaniq has partnered with Dilloite and raised over 5 million US dollars during the crowd funding.
I personally think it’s an interesting project. Whether it’s a good long-term investment, I’m not too sure. I’ve spent a few Ethers to hold 2800 HMQ and plan to sell in profit in a few months time.
I wish the Humaniq team all the best with the project since I’m all for giving people opportunities to their change lives for the better.
If you want to buy some Humaniq, you can do so using your bitcoin on Bittrex.com
