humaniq – Blockchain and Biometrics Come Together to Help the World | NewsWatch Review

Tech Report

According to the World Bank’s Global Financial Inclusion Database, there are currently 1.7 billion people on Earth who do not have access to official financial services.

Humaniq is a new generation of financial services with its own currency aimed at eradicating poverty amongst millions of people living in emerging economies.

Humaniq is the first project in the world that focused its attention on resolving the issue of the “unbanked” by adopting the blockchain and tokenization.

Since they started, there have been a number of other ventures using a similar approach.

Facebook recently announced the Libra Project. Libra creates a unified, universal and guaranteed token which is different from Humaniq’s approach to the problem. You see, Libra’s solution has empirical drawbacks, namely the concentration of wealth at one source.

Humaniq creates a platform that allows issuance of tokens, therefore securing natural economic development for developing countries that’s within their own control.

The platform includes a number of user-friendly features like messenger, wallet, crowdfunding, business chats, biometric authentication without the need for formal documentation, zero commission fees on sending and receiving tokens, instant transfers, built-in chat, and so much more.

You can find out more about this project by visiting today.