KABN is a financial service platform that offers neo banking type solutions. It has obtained Visa’s approval to roll out its cryptocurrency-linked card and banking wallet program. It aims to develop a revolutionary suite of products and services supporting the decentralized market economy, internationally allowing customers to manage their data and digital identity, connecting them with digital and traditional services and loyalty platforms.
As cryptocurrencies take hold and flourish worldwide, there is a continually growing need to convert those coins back to fiat currencies, such as euro or US dollar, to make them spendable in the real world.
KABN has an integrated suite of products addressing such growing and real challenge by empowering KABN cardholders and crypto holders alike to access ATMs worldwide, spend online and in-store, wherever Visa is accepted.
In the US only, that kind of card volume is estimated to grow to more than $396 billion by 2022. The global volume will follow a similar trajectory and potential growth is exponential.
KABN delivers its KABN ID services as “bolt on” to other blockchain-enabled initiatives. Its team examined various options for capitalization and started with a classical seed round.
The management thinks the best way to develop KABN was to include their partners, customers, and clients in the journey and give equity to qualified investors worldwide via a digital security and token program, enabling them to share the long-term value and potential success with others in a way that is compliant with securities laws, regulations, and rules.
The KABN ecosystem enables customers to prove their identity without giving sensitive documentation to third parties. It allows them to harness crypto’s power and spend them like fiat.
|Dates||2019-03-08 – 2019-06-30|
|Price||1 KABN = 0.2 USD|
|Accepting||ETH, BTC, Fiat|