Good day,
KABN will be presenting episode 1 of webcast series on Wednesday April 3rd, 2019. Members of management will be available to answer any questions online during the hours of 10am – 12pm EST.
When posting your question on AGORACOM Hub , please check “Question For AGORACOM’ box.
We look forward to hearing from you.
Kind regards,
AGORACOM
Michael Konikoff and Ben Kessler walk through the benefits and features of KABN, A NEO Financial Services Platform that starts with Biometric enabled Blockchain Validated Identity, empowering digital currency holders and KABN cardholders alike to spend wherever Visa is accepted
Hong Kong – March 21, 2019 – Blockchain advisory firm AmaZix is pleased to announce its partnership with financial service platform KABN (www.kabn.network). This is the latest in a series of strategic alliances as alternative finance edges ever closer towards mainstream adoption and legitimacy.
Writing the rulebook for blockchain-based identity management
Under the grim undertones of a struggling cryptocurrency market over the past 18 months, the spectacular successes – and subsequent painful shortcomings – of blockchain-based, decentralized and tokenized crowdfunding models have brought several critical issues to the forefront.
Perhaps the most important to the typical investor has been the proof of identity and accreditation processes, which have been wildly inconsistent across different implementations, with little to no assurances to the investor that their personal information and identities are properly safeguarded and compliant with the new rules surrounding GDPR.
Now there is a simple solution that enables investors to complete this verification and accreditation process once, to access opportunities and remain compliant for any jurisdiction. KABN’s biometric identity and whitelist registry verifies KYC and AML data, sharing it with relevant counterparties while ensuring data and funds are never at risk.
Introducing KABN ID, the one-time verification process for a host of services including token offerings (US Patent pending).
Neo financial services, backed by blockchain validated biometric ID
KABN ID is only one of several components in the larger suite of KABN offerings, which aims to be the full-stack solution for digital assets, fiat transactions and payment methods, including
KABN’s prepaid crypto-linked Visa card and banking wallet. Users, investors and entrepreneurs will have a secure and easy-to-use platform to access, use and spend their digital assets through a crypto-to-fiat transfer process, while verifying biometric ID on the go, ensuring full compliance across a wide range of jurisdictions.
Ben Kessler, KABN CEO, said, “The overwhelming evidence justifies the need for closer scrutiny of processes and regulatory frameworks in token offerings, with the securitization of digital assets believed by many to be the natural progression for the space. It is a direction that AmaZix believes in and is working diligently towards, as demonstrated by their specialized advisory services and their partnership track record. We share their excitement and optimism for the industry’s future and look forward to collaborating.â€
KABN has also partnered with European e-money institution and Visa Principal Member Transact Payments Limited, as well as with global processor GPS and platform tech provider Pannovate to launch the Pegasus Flyte Visa card and Mobile Banking Wallet program in the UK, with plans to expand to the EEA in Q2 2019.
“Programmable regulatory compliance is a built -in feature with digital securities, ensuring the necessary KYC and AML processes are satisfied. But if STOs are to be the way forward, we have to analyze and consider the practical aspects of identity management on the blockchain, particularly with the growing debate surrounding privacy and the protection of personal data in the era of GDPR†said Jonas Karlberg, AmaZix CEO. He added, “And this is where we believe KABN’s solutions for token offering verification are technically appropriate for securing accreditation and will allow for responsible and compliant KYC processes. In addition, its neo financial services like its branded Visa prepaid card and banking wallet will give users an additional aspect that bridges the world of traditional and alternative finance, allowing them to use and spend crypto with more ease.â€
Curious about what AmaZix can do for you?
AmaZix seeks to become the leading provider of blockchain-related advisory and consulting across the globe, driving transformative change to the business paradigm through tokenization, blockchain technology and crowdfunding. We deliver a comprehensive suite of high-value professional services, focusing on innovative services, while continuing to build a team of top-tier talent.
Reach out to us on the following channels:
1. Telegram: https://t.me/amazix
2. Twitter: https://twitter.com/AmaZixOfficial
3. Website: http://www.amazix.com/
4. Facebook: https://www.facebook.com/AmaZixOfficial
5. Reddit: https://www.reddit.com/r/AmaZixOfficial/
About KABN
KABN, an integrated financial service platform offering neo banking type solutions, has received approval by Visa to launch its crypto-linked card and banking wallet program. Branded the Pegasus Flyte Visa card, the KABN card program offers an “on/off ramp†conversion process for a variety of cryptocurrencies to fiat together with multi-currency fiat transactions. Cardholders will be able to use their Pegasus Flyte Visa cards to spend in-store, online, and at ATMs wherever Visa is accepted globally.
The Pegasus Flyte program will also offer a robust loyalty and customer engagement platform. The anchor of the program is KABN ID, a Blockchain and biometrically-based, “Always On†validation and verification process. This patent-pending, GDPR compliant process allows for efficient and frictionless customer acquisition and onboarding. To learn more, please visit: www.kabn.network
SPONSOR: KABN, A NEO Financial Services Platform that starts with Biometric enabled Blockchain Validated Identity, empowering digital currency holders and KABN cardholders alike to spend wherever Visa is accepted. Learn More
It appears that Visa is getting into the cryptocurrency game, after many years of discussion about how cryptocurrency would render Visa obsolete.
The payments processing giant listed a new job opportunity titled “Technical Project Manager, Visa Fintechâ€, and the listing does not hide its intention that it has to do with cryptocurrencies.
The listing reads
Are you passionate about the intersection of payments and cryptocurrency? Are you deeply familiar with permissionless blockchain technology and have a close network of experts in the fast moving cryptocurrency and fintech ecosystem? Are you excited about the challenge of developing new products for Visa to deliver value to fintechs looking to support cryptocurrencies?
Visa would like the hired candidate to outline a crypto strategy and roadmap and, working with the Visa Research team, develop new products.
The job listing refers to the impact of crypto on payments:
This highly motivated individual will be responsible for managing a product roadmap and collaborating with key stakeholders across…will [also] work in close collaboration with the Visa Research team to develop new products to deliver value to fintechs and Visa. This person should…anticipate how cryptocurrencies could impact payments.
Visa CEO Alfred F. Kelly Jr. has previously been somewhat dismissive of cryptocurrencies, saying that Visa will not process Bitcoin transactions:
We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat currency-based transactions, Visa CEO Alfred F. Kelly Jr. said in January 2018
Visa joins some major established players like JP Morgan Chase in entering the crypto space. The list established entities joining crypto has grown in recent times with IBM working with 6 international banks, allowing them to launch their own stablecoins on its World Wire product, while Facebook is reportedly working on a crypto asset that will integrate with WhatsApp.
While Visa’s decision to enter cryptocurrency may invoke ridicule or distrust from the crypto community, given how crypto competes directly with the payments processor, the fact that Visa is even considering cryptocurrencies shows how persuasive the technology’s capabilities are, especially if a large entity such as Visa is entering the space.
Source: https://www.investinblockchain.com/visa-to-open-crypto-division/
The KABN Network is an integrated suite of financial services that includes:
1. The Pegasus Flyte Visa Card, an approved crypto-linked prepaid Visa card and mobile integrated multi-currency banking wallet;
2. KABN KASH, a robust loyalty and engagement program and
3. KABN ID (The network anchor), a patent pending, Always On, GDPR complaint, blockchain and biometrically based, identity verification and validation platform. KABN ID is a free to use service for consumers that provides continuous monitoring and proof of identity online and in conventional marketplaces.
THE PROBLEM KABN SOLVES
As cryptocurrencies and other digital currencies grow globally, there is an ever-increasing need to convert them into traditional currencies (i.e. USD and Euros) for use in traditional spending.
KABN’s integrated suite of products, which has received approval by Visa, solves this major challenge by empowering digital currency holders to spend in-store and online, as well as, access ATMs globally wherever Visa is accepted.
HOW BIG IS THE PROBLEM KABN IS SOLVING?
In the US alone, this type of card volume is expected to grow to over $396B by 2022. Worldwide volume will follow the same trajectory and expected growth is exponential.
KABN’s integrated suite of products consists of:
*Pre-production cart art subject to network approval
KABN’s technology has been built, their partners are in place, they have been approved by Visa and they are ready to go for their European launch in the 2nd quarter with an expected expansion to North America later this year.
Select Partners
KABN Senior Team
