The world of small cap technology is getting more exciting everyday. The AGORACOM thesis for this decade is that more wealth will be created from cheaper and more powerful tech than the last 2 decades combined. Said another way, the little guy has never been in a better position to compete and even beat the big guys.
Today’s press release between KABN North America (KABN:CSE) and XTM Inc. (PAID:CSE) is a prime example. Powered by XTM, KABN is launching its prepaid Visa Card and digital banking platform to support its challenger bank initiatives in North American.
What is a “challenger bank”?. Glad you asked. Here is the best explanation we found
“In the age of business disruptors, it is no surprise that we are seeing a shakeup within the financial services sector now in the form of challenger banks. The purpose of these challenger banks is to compete with the long-established big banks and give consumers more options in the fintech world. Popularly considered to be small-medium retail operations set up with the purpose of competing against other, larger and more established banking institutions, challenger banks are heralding an exciting era in finance for customers.”
KABN has no intention of becoming a bank but it does want to provide their Liquid Avatar customers with online banking solutions important to them. With all of the necessary approvals and partnership agreements in place, KABN North America will begin rolling out the program in Canada throughout the first quarter of 2021 and has plans to continue its card program rollout to the U.S. and other geographic regions
What is Liquid Avatar? Glad you asked. To understand it you first have to understand and remember that Facebook and other tech giants showed the world that sharing our private data and profiting from it is a major issue. It became such a major issue that sweeping laws have been enacted in Europe (GDPR) and the United States (CCPA) that not only puts a stop to these practices but also demand that individuals are given the opportunity to take control of their digital identities – and even profit from them.
The term is often referred to as “Self Sovereign Identity (SSI)” and though it sounds kind of complicated, it actually sounds like music to the ears of investors that want to learn more about this massive global trend.
KABN is the small cap company that is leaps and bounds ahead of any other small cap company in this space. Their technology delivering your online identity is damn cool (check out www.LiquidAvatar.com) and their global recognition is even better given their recent addition to the Trust Over IP Foundation as a Steering Member, joining the likes of IBM, Mastercard, Accenture and other global giants that are forming an ecosystem around SSI
This is a global paradigm shift that you DO NOT want to miss because it is happening right now and KABN is the leading small cap company for investors to gain exposure. Why? Because they are turning the problem of data privacy into a profit for people like you and me.
Watch this great interview with CEO David Lucatch
Tags: blockchain, BOON, canadian fintech, Covid 19, crypto, CSE, kabn cash