Safein – make it simple
Internet technologies has so quickly rushed into our lives, that at some point you understand, using them every day becomes more difficult and more difficult. Each of you visits at least 10 sites daily, uses applications from your mobile phone, pays for purchases in the online store. And all have one and the same problem, that these resources in our lives got so many, that sometimes difficult to remember the password. Perhaps you are already using a certain storage with access, but it is not very convenient either. Firstly, there is not always access to it, secondly, finding the necessary data in it takes enough time, thirdly, this data can become obsolete (it is enough to change or restore the password). There are also some who manage to keep them all in the head (It turns out?). And there is another type of people who use one access to all services. Yes, on the one hand it is convenient, but with another it is extremely not safe. Hacking on one service will incur large losses.
The next of the unpleasant situations is registration. Each new site, application or any other service requires its own registration in the system. And this data is always the same, you fill in the same form every time. But, when did you ever wonder why you do this? Why not use one database of users, for registration and authorization, through which already third-party sites will take information.
The third, one of the most important problems, is the risks. The safety and success of the operation performed on the Internet are extremely low. There is no certainty in this or that service. You pay for the goods at your own risk.
And now about the pleasant. The solution is Safein.
We believe that outdated technology is to blame for almost all of these problems. Accordingly, we think it’s about time to fix this by embracing a modern way of managing your online identity and the shopping experience.
Register, login and pay with one click, while keeping under control personal data. Access the websites with a single click. Safein allows users to register and log in to new sites with a single click. Forget tiring logs and lost passwords. With your consent we will transfer your data to new websites for you. With Safein, you always control what websites know about you. You can log in online anonymously or just share the data that the website really needs. One click cancels their access forever. On our web-panel and mobile application you will see the whole history of your activity, including registration, login and payments. After you log in to the Safein system, you can also make payments without additional information. Keep money in traditional currency or in crypto currency, and Safein automatically converts and delivers funds at the preferred rate of the seller. Since each processed payment is within the Safein limits, they are instant, safe and cheaper.
Safein platform is uniquely beneficial for both users and merchants. First, users will undoubtedly appreciate the end of repeat registrations, KYCs and password recoveries, replaced by instant access granted by our multi-factor authentication solution. Furthermore, not having redundant accounts provides greater security and data protection, both of which are valuable to any consumer. At last, the ability to easily conduct payments in any chosen medium. Payment for all its users and merchants.
Benefits for merchants
- Significantly reduced merchant costs for user onboarding and verification. Furthermore, Safein cancellation transaction fees and can remove lost passwords for the customer support.
- Get easy access to crypto payments at one of the lowest commission fees in the market with a completely free identity verification tool.
- Merchants who possess Safein tokens in their wallet will be able to process with no commission. Our platform will also help us to increase the risk of corruption.
Review application
Multi Factor Authentication Mechanism and Digital Identify Management
Security must be a primary focus while managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the very beginning. While integrating Safein, each merchant will be able to choose a minimum security level that he requires from its users.
How it's work
- A push notification shows up;
- You must identify himself via pin code or fingerprint on his mobile Safein app;
- Approve login or purchase.
- That's all!
User (in his panel) can also enhance general security levels for each website individually. For example, even if a specific website does not require mobile device confirmation for website login, a user can always enhance his security level by enabling that requirement himself.
Digital Wallet and Payments
Safein is planning to be a fully licenced EU electronic money institution with the ability to receive and process payments in full compliance with the law. Users will be able to hold their crypto and fiat currency in a single wallet as well as convert them from one to another. Major crypto currencies, including Bitcoin, Ethereum ERC20 tokens, and other popular cryptocurrencies will be supported. Currency exchange functionality, for crypto and fiat, will be standard for all currencies with 0.5% markup from the best available rate in the market. Having an EU electronic money institution (EMI) licence will allow Safein to connect to the SEPA network and give IBAN codes to all of our users. Having that available, Safein will be one step closer to becoming a standard instrument for daily use. Additionally, Safein plans to have payment cards linked to users’ accounts, so users will be able to use their Safein accounts daily both online and offline.
Standard Safein e-commerce commission for merchants will be 1%. Merchants who possess Safein tokens will be able to receive part of their payments free of any commission, and users who pay with Safein tokens will receive 0.25% cashback on every purchase.
Lithuanian startup Safein is an upcoming revolutionary payments solution, formed by a rock-solid team and with an illustrative white paper & roadmap. It may soon be the first crypto/fiat provider with an EMI (Electronic Money Institution) license!
Note: This is just my opinion, not investment advice.
More info
Website : www.safein.com
Whitepaper : www.safein.com/summary/safein_whitepaper.pdf
Author
Bitcointalk Username : showmedaway
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1670489
ETH address: 0x288d839F01fbD27b7bF8BeFB65Cb1E96a93bdf48