Introduction: The blockchain is the disruptive technology of the 21st century, finding its application in various fields of human endeavors. As it's a well-known fact that having an identity verified across various platforms will be a herculean task and as such cumbersome. For obvious reasons, there is a need for identity verification in order to carry out a certain level of transactions in order to forestall theft. money laundering or illicit business online. The KABN Network has developed a platform that will cater to identity and biometric verification. This initiative will save KABN verified users the stress of always trying to get verified on platforms whose identity verification is handled by the KABN Network. To have a broader view of KABN let's go down memory lane.
What Is KABN Network
This is a decentralized blockchain ecosystem that is deploying an integrated financial suite that has its own mobile multi-currency wallet and a cryptocurrency enhanced payment card. The prepaid card that will be used for payment has gotten its approval from visa card and it's called the Pegasus Flyte Visa Card. It is deploying its expertise on identity/biometric verification services known as the KABN ID and such services will be available to other blockchain projects as well without divulging users sensitive information to third parties. One of the objectives of the KABN ID is to give users seamless access to online and other services without hitch. It has its own KABN suite that clearly distinguished it from other identity platforms because it's multifaceted. Sometimes people find it difficult to purchase cryptocurrencies directly from their bank cards
KABN Suites
The KABN Ecosystem: The ecosystem empowers users to have control over their sensitive information thereby shutting out third parties access to such details. It provides an avenue where cryptocurrencies can be spent like traditional currencies by users verified on its network as long as visa card is accepted and there is a reward system for loyal customers.
KABN ID: This ensures users identity are always on and it's hitch-free. It's all round the clock service meaning 24hours on a daily basis and 365 days a year. It doesn't store any sensitive information of users on the blockchain and thus uses a fail or pass to ascertain if identity verification is successful or not. With this process, users are easily onboard to different services because it's efficient and easy with KABN as the identity verifier.
Some Interesting Features of The KABN ID
There is a biometric enhancement
It's General Data Protection Regulation (GDPR) compliant
Controlled by customers
Know Your Customer (KYC) compliant and using a 2+2 matching
It can verify and validate the identity of customers across over 180 countries across the globe
Continuous monitoring of Anti Money Laundering in order not to flout the law
Crypto-Backed Prepaid Visa Card Also Known As Pegasus Flyte Card
This is the prepaid visa card backed by crypto that can be used for payment anywhere visa is accepted. It's using the integrated mobile banking wallet to provide an avenue where cryptocurrencies that are approved can be converted to fiat currencies alongside third party wallets and exchanges.
Author's details
Bounty0x username: esinfe