A major concern of many participants within the cryptosphere lies in the fear of having to regularly part with sensitive information in order to fulfill KYC/AML requirements for several platforms. Personally, I've been deprived of enjoying the benefits on some crypto-finance platforms due to the fact that I didn't feel comfortable handing over my information due to the presence of some red flags. On the other side of the coin, what is the assurance that the platforms I actually classify as trusted will effectively protect my data.
Secondly, it a known fact that a large percentage of people below 50 years of age are really seeking ways to actually spend cryptocurrencies on tangible goods with or without converting to fiat.
These problems have actually led several people within the cryptosphere to air their complains at every possible opportunity but all the cries had fallen on deaf hears until the arrival of KABN.
Introducing KABN
The KABN platform is focused on creating an ecosystem which provides a wide range of financial services for participants through the influence of it's neo features. Another key feature which cannot be ignored is it's User Identity Verification System.
The team behind KABN look into the future with optimism as they are providing feasible solutions for problems with compliance, the trading process and identity verification. As a crypto-finance platform, KABN will ensure that whosoever uses cryptocurrencies for transacting is satisfied with the vast range of positive features they get to enjoy.
Key Features of KABN
The features which define the KABN platform include;
- Global Identification Service: Many startups seeking to comply with regulations of the particular region in which they are based, tend to collect personal data of potential investors. They often store the collected data in a fragmented manner which often leaves the sensitive information prone to attacks by malware or hackers. This is a key reason why KABN has integrated a global Identification system called “KABN ID". This serves as a medium of collecting users data and storing in an encrypted database. Your data in this case is completely secure and you have the added advantage of being able to incorporate your user profile into some other platforms.
- Crypto Linked Card: We all know the difficulty associated with spending cryptocurrencies on actual goods and services which happens to be a major drawback in the quest for widespread adoption. KABN is taking a major step towards nullifying this shortcoming as the platform has gone into partnership with Transact Payments (a key member of VISA). This agreement has led to the development of the Pegasus Flyte Visa Card which can be used to convert digital assets to fiat and to effect card transactions at all VISA terminals.
- KABN Kash: This was inspired by the Neo-banking loyalty program. This involves the redistribution of 4-5% of commission back to the users. The KABN Kash also plays a key role in gathering information about users into an encrypted database
Closing thoughts
As the KABN platform is intended to effect a complete overhaul of how we make payments online and identity verification, I believe we are a step closer to a time when we have complete control over our personal data. We can simply not classify KABN as just a new product as it is a revolution which will spark a fundamental remodelling in how consumer transactions work online.
If you intend to learn more about KABN, you can visit any of the following links;
Website : https://www.kabntoken.com
WhitePaper: https://www.kabntoken.com/wp-content/uploads/2019/03/KABN-Company-Overview-Summary-V1.2.pdf
Medium : https://medium.com/@KABN
Twitter : https://twitter.com/KABNNETWORK
Telegram : https://t.me/kabn_network
LinkedIn : https://www.linkedin.com/company/kabn/
YouTube : https://www.youtube.com/channel/UC6yHrA6WsU652PtKmwfZP_g
Bounty0x Username: tbossmitche
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