Cryptocurrency is interesting, promising and… difficult. An ordinary user would choose a debit card or Western Union to transfer money to mom. Cryptocurrency is difficult to exchange for fiat money, it doesn’t have any clear legal status and wallets with multivalued access codes are not suitable for ordinary payments for an apartment.
Secured and profitable cryptocurrency remains a privilege of a narrow circle of specialists who understand the nuances of programming. “This isn’t fair,” thought Alexander Legoshin and Eugene Vigovsky and created simple and safe online banking based on cryptocurrency technologies. Can the cryptocurrency world be as clear as traditional currency applications?
Pic.1 Saifu app on the smartphone screen: simple transactions in a few clicks
What is Saifu?
The Saifu app is licensed platform for buying, selling, storing cryptocurrency and fiat money. Developers made a desktop version and application for smartphones; the interface is adapted to the needs of ordinary users.
You can watch a video and see for yourself how easy to exchange money using Saifu:
The project main idea is to connect wide functional of cryptocurrency and accessibility of online banking.
Here the list of things that Saifu can do:
/Carry out standard payments in the unit currencies. User binds credit card, bank account or debit card to the Saifu account and transfers the currency in any convenient currency to the correspondent account. You just need to enter the IBAN, telephone number or bank account.
/Carry out cryptocurrency payment. Similar as fiat money, but you need to enter the number of the cryptic helper.
/To convert currencies. Saifu converts fiat money to cryptocurrency and back, just enter the desired amount and currency name.
/To transfer money between accounts. Fiat money transfers using IBAN and SWIFT, Visa and Mastercard.
For example, a user has enough euro to buy 4 Ethereum. To exchange he needs to transfer euro from personal account to Saifu account and change them to the Etherium. You can keep the coins on your own crypto or in the application.
How Saifu works?
The app is based on electronic payment system working according to EU and IFRS requirements. Unlike standard crypto tices, Saifu creates bank accounts for clients, and stores access keys on a dedicated secure server.
pic 2. Saifu work scheme: data exchange occurs between the user's banks and Saifu, all information is stored in encrypted form
User advantages:
Current exchange rates. Saifu has corporative accounts on several crypto-exchange markets (such as coinmarketcap) and refreshes exchange rates into the app.
Security of access. Thales Hardware Security Module is a technology for creation and storage for access codes to the app. The key is stored in the Thales app, protected from hacker attacks. And if hackers can make their way to a server obtained keys will be useless without passing the KYC procedure.
Multifactor data protection. Saifu protects the user from scammers at all stages of using the application. Personal data is encrypted, PC version has a firewall, SIEM- system is monitoring suspicious transactions.
The creators of Saifu protect their business reputation: every transaction is tracked by the AML (anti-money laundering) system. If the user is suspected of selling prohibited goods, stolen coins, conducting other illegal activities, his account is tested.
Who will find Saifu useful?
The app goal is to make access to the cryptocurrency easier, to allow ordinary clients invest into tokens, exchange them to fiat money and have income.
Saifu will be useful to everyone who:
/Appreciates ease of use. The app interface is simple and clear. You have to create one account and link bank accounts and credit card data to it. The developers aimed to users who have a minimum level of training.
/Aimed at secure asset storage. Saifu uses the popular technologies in the banking industry to protect data from unauthorized access. The developers cared about user security. Multiple levels of hardware and software transaction protection, the account activity tracking system guarantee a high level of security.
/Respects the rule of law. Saifu developers received licenses from many financial organizations such as Czech National Bank. The order of transactions, structure, and technology of Saifu has been tested by government agencies. The company's activities are evaluated by the auditors (Deloitte), the security of operations is confirmed by the AML and KYC procedures. Each transaction is evaluated for 69 risk indicators, doubtful - are blocked.
The main audience of the project is large firms and individuals who simply need to pay for goods and services using cryptocurrency. Before Saifu you were forced to change crypto tices, to create “paper versions” in order to keep your tokens save. Now you just need to register in one app. Time is money, as they say in Saifu.
Saifu development:
The project ICO started at 19 February 2018 and will end on 30 April. in total it is planned to collect $ 49 million (hard cap). The creators of the project emphasize that the personal resources of the team have already been invested in the development and the prototype is ready for testing. The team is planning to burn to 70% of tokens in order to increase their prices: good news for investors. The release of tokens is regulated by smart contracts; the sample is available for review.
According to Roadmap, the team plans to obtain licenses to conduct transactions in the largest national banks in the world, to carry out crypto payments for legal entities.
By 2019 artificial intelligence will be introduced to handle large-scale data sets, licenses for issuing own cards (Visa and Mastercard). In the long term, Saifu will expand the geography of activities to the whole world.
In March 2018, a working MVP application was launched to carry out payments on the basis of SWIFT and IBAN. Everyone can try the platform by subscribing to the official website updates.
The creators of Saifu are specialists in the field of programming and data protection. For example, Eugene Vigovsky was the head of the department of protection against DDoS attacks in Kaspersky Lab. Officially, the company is registered in the Czech Republic.
Conclusion:
The Saifu platform was created to carry out fast, safe and easy-to-use transactions that take place in fiat money and crypto-currencies. The creators of the project have experience in the field of data protection, integrate the program with international banking standards.
What good is Saifu for an investor? An aspiration to cover a broad market, the team's professionalism, a partnership with international financial organizations, the availability of a workable MVP. Are Saifu's chances of success great? Already collected 9.5 million dollars out of 49 planned.
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