INTRODUCTION
The blockchain technology makes the world oppress and also provides significant changes. Blockchain technology has changed our point of view not only against money but also against many other things. Blockchain technology has taken away not only the states but also third-party companies and banks as regards our money exchange. While the blockchain is developing so fast, it also faces some problems. The most important one is security. Blockchain technology is still a very new technology, although it finds life after an article written 10 years ago. This sector, which has security problems, is constantly under attack. However, some projects aim to build robust technologies that will further strengthen block-chain technology. It is possible for us to exchange our money purchases anonymously and untraceable. I'm about to talk about this project, and it's one of them. And it has succeeded in being innovative and first in many areas as its features.
PROBLEMS
The biggest problem with cryptocurrency is security. One of the biggest reasons for this is that centralized exchanges and central transfer transactions are possible. Blockchain technology, in fact, needs to establish a decentralized system. This means that all user data is not stored in a single repository, we need untraceable blocks. But the use of the current block chain causes the accounts to be easily discovered and hacked. Due to the lack of users ' own wallets, these coins are open targets for keeping coins in central stock markets. But it should be noted that what makes Block Chain Technology special is that it allows it to be able to transfer irreplaceable, confidential and secure money. The safety of these properties is at stake.
THE KABN SOLUTION AND WHAT IT REALLY IS ABOUT
KABN Network project, is a very special project with innovations about NEO banking and loyalty rewards. I would like to let you know that you have signed a partnership agreement with VISA card before opening the project and will be available worldwide. KABN Network project, one of the current problems of the cryptocurrency to solve the liquidity problem is coming. As is known, cryptocurrencies are very difficult to use in daily life. Because you need to go through long processes in order to spend a crypto traded on the exchanges in daily life. You need to transfer the crypto money to a stock exchange first, then convert it to fiat currency then convert it to liquidity via the bank.
But the KABN Network project wants to keep this process much shorter. Thanks to the KABN card that it provides to its users, crypto coins are instantly converted to cash and make payments by using credit cards in daily life. When you use KABN Network, all you have to do is to make your payments by converting the crypto coins in your wallet. This way, you can spend your crypto coins instantly in liquid form. In addition to this, KABN Network wants to maximize the security of its customers by further developing its customer identification system. Let's take a closer look at the current problems and how KABN Network provides solutions to these problems:
SUGGESTING OFFERED TO PREVENT SECURITY PROBLEMS
Today, one of the biggest suggestions offered to prevent security problems is the Know your customer (KYC) system. This method, where users have very important personal data, is one of the necessary steps for better recognition of customers and their safety. But nowadays most cryptocurrencies do not apply this method. And so they face serious security problems.
In addition, customers around the world have not yet gained an international personality in the blockchain world. One of the main reasons for this is the laws of these countries or the policies of the companies. As a result of these policies, most citizens do not fully benefit from blockchain technology. Most of the blockchain cards on the market are limited to some countries.
There are also serious problems with loyalty points. Customers cannot use their loyalty points effectively. Because each company has different loyalty points system. No serious steps have been taken for loyalty points in the Blokchain technology network, and most loyalty points remain inactive capacity, never used.
As I mentioned above, almost all of the projects that have their own private card in crypto coins are limited to some countries. Among them, like VISA, it is not contracted with major companies all over the world. That is why turning crypto coins into money coins is also a big problem. Fiat coins, such as dollars, euros, yen coins all over the world are easy to exchange money because they are the pass. But since crypto coins are not world-wide visibility and transaction volume, it is unlikely to pay or receive crypto money. In addition, it is not yet possible to convert the crypto coins into money in seconds and to have these funds in a liquid form.
The KABN Network Solutions And The KABN Card
KABN Network offers its own special card to its customers. This card, which is contracted with Visa, will exist as a valid card all over the world. The main feature of this card and its use will be to increase the speed at which cryptocurrencies turn into fiat money. No matter where you are in the world, you will be able to convert cryptocurrencies into fiat money in seconds and receive this money. The purpose of KABN Network in extracting this card will be to facilitate the use of cryptocurrencies in daily life. In order to use this card, customers must complete KYC / AML processes. The existence of these processes is necessary to maximize both the security of customers and the security of KABN Network. So anyone who can prove that he is a real person can get this card and enjoy safe exchange.
KABN Kash
It's a system provided by KABN Network to enhance the loyalty point experience of users. This system aims to evaluate the loyalty points that users will gain as a result of their purchases with KABN card. As with the same credit cards, as a result of KABN card transactions, users will gain loyalty points in many areas. The loyalty points earned will be reflected to the users as a discount from the commission fees of the transactions made over KABN Network. The more users will use KABN cards in their purchases and other transactions, the more loyalty points they will gain. In other words, when we integrate the use of KABN card into our lives, we will be able to benefit from the advantages of KABN Network.
KABN Network currently has several competitors. A few of these are: Civic, Flinks, Jumio, Netki and many of them. You can also understand by examining a graph that KABN Network is much more advantageous than its competitors. However, it should be noted that the most important feature of KABN Network is that it is integrated into the Blockchain system. Using the Blockchain system will make transactions much faster, transparent and secure. In addition, the fees charged by competitors are much higher. KABN Network in addition aims to be a top customer-oriented solution that provides 24/7 service. The control of the security applications it provides does not automatically, but manuel which provides an insurmountable firewall.
CONCLUSION
Although Blockchain technology is generally known as a system to equalize banks, it can be much more powerful by working with banks. Because Blockchain technology is notable for its low commission fees, fast processing speed, it is still unlikely that cryptocurrencies can be adapted to everyday life. However, with the opportunities it provides, KABN Network can realize the conversion of cryptocurrencies into fiat money in seconds and thus, it enables the adaptation of crypto coins to the everyday life. When you use this card, you will be able to exchange loyalty points with KABN Network commission fees and lower your costs.
MEET THE TEAM
TOKEN ALLOCATION
ROADMAP
PARTNERS
For Further Information
WEBSITE: https://www.kabntoken.com
TELEGRAM: http://kabn.network/telegram-links.php
WHITEPAPER: https://www.kabntoken.com/wp-content/uploads/2019/03/KABN-Company-Overview-Summary-V1.2.pdf
FACEBOOK: https://www.facebook.com/kabnnetwork/
TWITTER: https://twitter.com/KABNNETWORK
MEDIUM: https://medium.com/@KABN
REDDIT: https://www.reddit.com/user/kabnnetwork/
LINKEDIN: https://www.linkedin.com/company/kabn/
YOUTUBE: https://www.youtube.com/channel/UC6yHrA6WsU652PtKmwfZP_g
Writer Details
Bounty0x username: aminaayodele1