Lates Financial Services on the Blockchain Network

BACKGROUND INFORMATION
Hello guys, I will like to intimate you with this powerful financial service platform that comes with neo banking type solutions, it is such an authentic platform such that it received approval from Visa to launch its card and banking wallet that is linked with crypto. We are all aware that cryptocurrency, most of the suffers widely acceptability as a method of payment from most of the merchants across the globe. Infact, historically, early crusaders of crypto would most of the time urge several merchants to add crypto as one of their payment option but to no avail. However, But fortunately, we now noticed that in recent times, the market environment is gradually changing course. As a matter of fact, Instead of soliciting crypto acceptability from merchants to our greatest surprise, new services are now emerging which allows crypto lovers to load funds onto a prepaid debit card. Such new services include BitPay, a company that offers a VISA debit card in all virtually all US states. another of such company is Cryptopay which is based in England, it offers plastic and prepaid debit cards which can be funded by cryptocurrency. and others just to mention but a few.

Having said these, even though there is some advancement in the area of financial service platform with crypto-linked access, yet users will bear witness with me that there are still some major challenges plaguing this industry, such problems as

Vulnerability of client's sensitive data.
Inability to spend crypto on everyday items
Lack of access to early-stage opportunities. This and many more are the challenges that currently exist on the previous financial service platform.

GOODNEWS: INTRODUCING KABNNETWORK

The KABN community an integrated suite of monetary services that consists of the Pegasus Flyte Visa Card, an permitted crypto-related prepaid Visa card and mobile integrated Multi-foreign money banking pockets; KABN KASH, a sturdy loyalty and Engagement application and the community anchor.

KABN launched with the mission to create an international-magnificence suite of services and products that support the decentralized market economic system, globally enabling customers to take control of their virtual identity and personal information, connecting them with Cryptocurrency-connected economic services and loyalty systems.
It comes with a free identification called KABN identity, the identification is GDPR compliant, blockchain and biometrically primarily based, identification verification and validation platform. As earlier mentioned, KABN identification is free to use for clients and offers continuous tracking and evidence of identity both online and in traditional marketplaces.

THE PROBLEMS BEING SOLVED BY KABN
KABN platform offers a solution by helping clients overcome the problem of international compliance as it is usually required by most of the previous platform, not only that, also ensures that clients sensitive data is secured and not susceptible to vulnerability. In addition to this will also help Retail investors in having timely access to early stage opportunities.

With KABN identity, it offers end-to-end client-facing applications at a price factor that is relatively lower than conventional backend carrier vendors and allows in putting off the headache of clients that commonly result from trying to build their very own software thereby speed up the compliance manner for participants already known to the KABN community.

Always-On Compliance
KABNsupports globally recognized documents for KYC regulations. Also, for issuers of early stage or private assets, KABNsuccessfully provides qualification for investors in the U.S and Canada, plus reliable and timely source of wealth verification for prospective investors in Europe, (this is unprecedented).

Blockchain Registries
KABNdrives efficiency over current traditional practice via simply permitting any clients who use a KABN blockchain registry integration to configure their whitelist and reference the registry contract of their personal smart contract code. This comes with an end-to-end on-chain compliance solution that does not require clients to have the ability to write software code.

KABNoperate on an encrypted database which ensures that clients sensitive documents/information are kept saved and secure without access by any third party. All the Personally-Identifying Information (PII) which are submitted to KABN are stored in their encrypted database and object storage in Ireland in order to be GDPR compliant.

KABN Advantages:

● Cost of technical integrations are eliminated
No subscription, refresh, hidden or any ongoing costsl./
●As a Gibraltar Company, AML flags are reported immediately

●Single-source system for all active KYC plus ongoing AML monitoring
● PII management and data costs are minimized
●STO’s/Exchanges need only to “PING” the Blockchainregistry to allow or deny regulated actions such as purchasing tokens
●Compliance with the most stringent privacy and personal information requirements for all jurisdictions
●Keeps PII data on hand current and flags changes in status
●Single-source system for all accreditation / source of wealth
●no need for clients to worry about multiple ID document requests and sharing with unknown parties –One and Done
●Clients don’t have to worry about secure document storage and potential GDPR violations
●API for 3rdparty developers
●Documents and languages get International support.