Is SelfKey worth Investing?

What is SelfKey?

SelfKey is an ERC-20 token meant to be used as a KYC (Know Your Client) enabler for financial institutions which helps them to verify the identification of their clients. SelfKey can be used by individuals and companies for :

• Efficiently incorporate a company, open a bank account remotely, transfer and exchange money, and access credit cards and payment processors.
• No need to upload KYC documents to participate in ICOs. A participating ICO can obtain your information directly from SelfKey once you approve it.
• Supports e-Wallet and Peer to Peer money transfer applications.
• Store and retrieve your identity documents from a local storage. It is encrypted, so even the SelfKey application cannot access it without you entering the decryption key.

Is SelfKey worth investing?

Identity verification is one of the pain areas of any company especially financial institutions like banks and credit card companies. Manual verification process is cumbersome, time taking and still susceptible to fraud due to forgery. With SelfKey, companies will be able to do identity verification in an accelerated fashion thus saving significant amount of time and money. Customers also benefit because they do not need to upload their id documents to multiple sites which possesses a risk of id theft through hacking or disgruntled employees. We believe that SelfKey has an early mover advantage in providing id verification and management to financial institutions, ICOs and other companies and poised to significant growth in the future. SelfKey had a very successful ICO which closed in a matter of minutes. So there is a huge demand for the KEY tokens and is expected to grow in value manifold.

Alternatives to SelfKey

One of the alternatives to SelfKey is the Civic key. Both of them try to address the issue of ID verification through APIs which companies and ICOs can use.

Buy SelfKey

As of today, the only exchange where you can buy SelfKey [KEY] tokens are Kucoin. Kucoin is a reliable and fast growing exchange. If you do not have an account, open one and start trading KEY or CVC tokens now.

Disclaimer: The above references an opinion and is for information purposes only.  It is not intended to be investment advice.  Seek a duly licensed professional for investment advice.