Humaniq is a unique and innovative banking system for the digital world. It is a 4th generation software is oriented to provide a platform for the 2 billion people who do not have bank account mainly because there are no facilities or are underserved by the banks. The banking systems adopt the traditional practices which are not suitable in today’s digital era. These people are unable to access the new facilities as they lack proper documentation and lack identification.
Humaniq aims at removing the several time-consuming activities like having to visit the bank to do monetary transactions, creating user-friendly mobile apps, simplifying the password generation process making it easier to remember and much more similar.
HMQ as the cryptocurrency is termed, is tradeable across multiple exchanges that include Livecoin, Bitlish, SpaceBTC, and several others. The aim is to give the people an access to financial services
Keeping all the complications in consideration, Humaniq looks to serve as a robust and secure financial solution for the socially and financially deprived people who are under-educated or who don’t possess identification. The Humaniq system is based on the Ethereum blockchain network.
Currently, Humaniq functions as a regular banking service giving biometric authentication using the proof of face as identity. Users read out the CAPCHA code aloud. It does not take more than 20 seconds to complete the identification process. It is simple and does not require the user to have an email id or additional identification documents.
Once the identification process is completed, users are provided with a secure wallet. To access, unlock, and operate the wallet, users again follow the same process. They must use their mobile phone camera to identify themselves and read out the captcha aloud.
The primary requirement is to have a smartphone that has a front camera and a reasonably fast internet connection. By making a small investment, users will soon gain lots of benefits and earn HMQ that can give them access to buy many services.
The first ICO yielded about 99 bitcoins and 3100 ETHs and precisely 31824818 HMQ tokens were distributed. The face identification is secure and double authenticated with the voice identification. It allows the users to choose the currency they require. Reaching out to over 2 billion people and disbursing loans, insurance, and credit is not an easy task. The Humaniq effort is a great step forward for the mankind having aims of eliminating the economic barriers.
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