KABN: financial service platform with neo banking type solutions

The world is changing with great speed, everything is becoming more modern, modernized and progressive. Every moment and every day, changes are also taking place in the crypto industry. The introduction of cryptocurrency continues in all spheres of human activity. And whether we like it or not, but soon the cryptocurrency will be a common, natural and all-accepting asset, capable of pushing aside the paper money we are used to.
The most difficult in my opinion is the introduction of cryptocurrency in the field of finance and related services and institutions.

The KABN Network is an integrated suite of financial services that includes the Pegasus Flyte Visa Card, an approved crypto-linked prepaid Visa card and mobile integrated multi-currency banking wallet; KABN KASH, a robust loyalty and engagement program and the network anchor, KABN ID, a patent pending, Always On, GDPR compliant, blockchain and biometrically based, identity verification and validation platform. KABN ID is free to use service for consumers and provides continuous monitoring and proof of identity online and in conventional marketplaces.

Although a correctly defined mission always has a general philosophical meaning, it nevertheless necessarily carries with it something that makes it unique in its own way, characterizing the very organization in which it was developed.
According to Steve Blanck, a well-known American entrepreneur, the mission of an organization can be an effective management tool if it contains both a description of the tasks to be performed and a justification of these tasks. She should answer the questions: why do people come to work, what do they do and how do they determine that they do it well.
KABN’s mission is to create a world-class suite of products and services that support the decentralized market economy, globally enabling consumers to take control of their digital identity and personal data, connecting them with Cryptocurrency-linked financial services and loyalty platforms.

As cryptocurrencies and other digital currencies take hold and grow globally, there is an ever-increasing need to be able to convert those currencies back to traditional currencies, such as United States Dollars or Euros, in order to make them spendable in the real world.
KABN’s integrated suite of products, which has received approval by Visa, solves this real and growing challenge by empowering digital currency holders and KABN cardholders alike to be able to spend in-store, online, and access ATMs globally, wherever Visa is accepted.

KABN Ecosystem offers customers the opportunity to confirm their identity without providing confidential documentation to third parties, as well as use the capabilities of digital currencies, as well as convert and spend them as traditional currencies or Fiat in any place where Visa is used, while participating in active interaction and Loyalty Programs that provide constant value.

KABN provides proof of data authenticity and provenance through its patent-pending Blockchain marker solution. This proprietary, patent-pending system authenticates a user and their identity in combination with other factors such as KYC, AML, Accreditation, Source of Wealth and other unique identifiers, without the need to transfer Source-of-Truth documentation, effectively separating PII from technology and remaining compliant with jurisdictional privacy requirements. Unlike other ID systems, through the KABN system, a consumer customer is only required to identify and authenticate once to create binary markers (valid | invalid) hosted in Smart Contract registries on the Blockchain. Reciprocally, a requesting corporate client only needs to “ping” the Smart Contract registries to validate the consumer customer’s marker.
These proprietary patent-pending Blockchain registries provide a highly efficient and effective single point for the validation, verification and authenticity of consumer customers which is well suited for the following verticals:
● Banking
● Healthcare
● Government Registration
● Education
● Age Verification
● Other market segmentation where verification of identity is a critical factor

Founded by a group of former banking, payments, technology and loyalty executives, initially called “Crypto KABN” and rebranded, “KABN”.

Pricing is presented in USD, but may be offered in GBP, Euros, Bitcoin, ETH and other forms of fiat and cryptocurrencies. Options are Priced at $0.25 USD or equivalent Fiat / Cryptocurrency equivalents and expire 18 months after the KABN Token’s first listing.

KABN website
KABN whitepaper
[ANN] KABN
Twitter
Facebook
Linkedin
Telegram

Bounty0x username: @tetianatan