Businesses adopting the Blockchain tech a Photo by: ROOM on Unsplash
Most of the people's of Blockchain, Bitcoin and Fintech have almost no assets left on the banks and other traditional financial institutions. It is considered as one of the reasons on why and how banks and some traditional financial institutions facing a fair amount of challenges these days.
In the article Are Blockchain And Your Business A Good Fit? by UnitedCrowd , they have explained it better why blockchain is indeed the next big thing and how it has been currently used in businesses. The Blockchain offers a lot and new opportunity to mankind with its transparency, provenance and a trustless transactions, it skyrocketed the service and the industry most and for all, the finance, retail, travel, health, insurance, property, compliance, energy, gaming industry and even the cards payment system.
The Blockchain that has been Buzzing the Cards payments industry, brings a solution into this table. It has been increasing the lifetime value and this is decentralised, its adding a tremendous trends to the card payments. Where we no longer needs the merchants who currently face high transaction fees, and cutting out the middleman into the picture.
The decentralisation and innovation brought transparency, trust and security which also eradicated intermediaries, fraud, cyber-theft, facilitated efficiency, transaction speed, a unique and improved KYC/AML processes, and an effective collaboration between the merchants and their clients.
KABN network identified problems in the Market which will they adopt blockchain as the solutions.
According to KABN, even if the blockchain and cryptocurrencies hit its highest level, there's still a lot of people, giants and corporate bodies faced with illogicalities. It means that, they are not believing with crypto currencies, and the U.S. President Trump proved it when he posted this thing on twitter.
The cryptocurrency-to-fiat and fiat-to-cryptocurrency exchange that is currently markets hikes has been a major problems especially to users .
Some businesses, e-commerce, projects and some corporate bodies necessitate a global compliance solutions.
The Retail investors are lack in access into the early stage opportunities. Where it is a big problem due to sales of commodities in small quantities to ultimate consumers by investors are requires access to the early stage opportunities.
Millennials and Gen-X clients are still lack in various custom-made offers and discounts. And to avoid fraud, cyber theft, should be every platform required a unique KYC/AML in other to have a better relationship between them their clients.
In the US alone, this type of card volume is expected to grow to over $396B by 2022 Worldwide volume will follow the same trajectory and expected growth is exponential and KABN’s integrated suite of products, which has received approval by Visa; source KABN net
KABN have claimed that they were the first decentralized global platform for the alternative financial industry. Founded and created in a year in the past, KABN platform focuses on presenting all forms of financiaL services for users by means of it's NEO features. It created a common virtual identification community which enabled the possible verification of customers identity feasible and the innovations is made compatible with many devices. The smart contracts that it employs for the whole operation will guaranteed a spend lesser time in performing an action for users.
KABN Network is an integrated suite of financial services that includes an approved crypto-linked prepaid Visa card and mobile integrated multi-currency banking wallet that they called "the Pegasus Flyte Visa Card" which will probably will interact with cryptocurrency that makes it the best advantage for all.
Most advance Biometric Identification, Visa Card and Exchange Platform
Answers from the question, "Who Are You?", Biometric identification can be applied to both physical and digital scenarios. When he or she sign up on the KABN platform, it is necessary to identify and verify his identification. This activity needs to be done to avoid scam, fraud and an online theft on the users account wallet, there is no digital jail so this feature is really important. It's users will get progressing the Anti-Money Laundering (AML) observing and demands to affirm or to refresh the individual data that is eliminated or outdated. The Money related technology new businesses can also re-appropriate this operational weight at no hidden or additional charges.
There already thousands of Blockchain Projects offers Digital Debit Card, and KABN is no other, in fact it has been already approved to issue a reloadable prepaid Visa card starting in Europe in Q1-Q2 2019. It is designed for it's users to have the privilege to own a debit card which is design with a crypto asset in mind. It means that they can spend their crypto assets on their favourite online shops and ecommerce and this is without any restriction. Recently, the Bank of America (BofA) is introduced a digital debit card feature in its mobile banking app that can be used for in-store, but it cannot be used in Crypto Space while KABN Digital Debit Card, your digital asset can now be used as the traditional fiat currency, and this is also their big advantage with its competitors who faced a difficulty to convert cryptocurrency into local currency.
They say, Cryptocurrencies are The Money of the Digital Age, and the Cryptocurrency trading platforms or the online currency exchange houses and are some are exclusively used to carry out cryptocurrency transactions. KABN design a CryptoCurrency Platform and they ensured that their users will trade effectively, they'd even told that the security they've used in their system are the same with the measures the banks uses in securing their financial assets of their customers. As the KABN stated, the security of it's customer's digital asset is their top priority and guaranteed their platform is a safe house for trading of their crypto asset.
It costs 6 to 7 times more to acquire a new customer than to retain an existing one — Bain and Company
To attract more people, KABN introduce its loyalty rewards that will enhance the usability of the platform and it will also make a financial transaction on the platform. They will having a whitelist mechanisms that will define the membership identity hence for every member that is actively engaged with the ecosystem and maximize the services of KABN ecosystem will receive a token, and this is how KABN loyalty rewards will work.
There’s a well-known secret in the world of businesses, especially within blockchain tech. Many, perhaps even most, successful companies and entrepreneurs adopts this technology. KABN is just one of them. It is illustrated and has been repeatedly many times on its whitepaper that its main goal was to create a world-class suite of products and services that will support the decentralized market economy, globally enabling consumers to take control of their digital identity and personal data, and most and for all, connecting them with the Cryptocurrency-linked financial services and loyalty platforms.
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Visit KABN Website and Whitepaper for further information.
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