Safein : Control Your Data Safe and Comfortable

One of the goals achieved are ' financial freedom '. That is to say, that the more the public can access financial services from banking. In addition so that banking services also can expand its network without having to build a physical outlet such as a branch office, maid service, and so on.

The existence of the electronic money will hopefully encourage the realization of cashless society or society can run its economy without having to use physical or cash money (either paper or metal) to perform a variety of transactions or payment.

Electronic money is distinguished into two types according to the payment system, i.e. credit cards and prepaid cards. Credit card technology lets users get some money with the way owe the bank without the need to file a demand loan in each transaction. While the card is a prepaid card that allows you to bring money in digital form to which face has you enter first before or also known as toll system. In other words, a credit card bring money that you will borrow on the bank, while prepaid card is the money you have in digital form.

Advantages of electronic money is that we will not need to bother carrying extra cash everywhere. Nominal because the slightest will still be recorded in the card. Then from the aspect of security, credit cards are more risky than prepaid cards. When the owner of a lost credit card, can be used by anyone to Transact anywhere. To prevent unwanted debt swelling, the owner of the card is obliged to report and block the credit card in his name. Unlike the prepaid card, the maximum nominal can be stored in a specific jumplah. So the disadvantage of losing the prepaid cards will not be obtained when losses of losing a credit card.

Rapid growth of e-commerce remains unstoppable. However, the industry itself is still ripe for improvement as concerns over data protection, cybersecurity, money laundering, and the monopoly of various sectors mounting. In addition, online shopping is not only annoying, but also complicated. Think, for example, that all registration, verification, password and recovery following the daily online customer experience

What is Safein?

Safein is built by a great architecture to allow users to keep their properties, as well as currencies and secrets in open accounts on our platform. Safein will go into various business areas where the combination of having all of the above brings benefits to the users online and offline. Safein's top priority is to remove too many KYC registrations and procedures.

At the same time, Safein will standardize crypto payments on all ecommerce sites. Currently, no large-scale Payment Service Provider accepts fiat and crypto payments. Safein will solve this problem by allowing users to pay for their items directly using their Safein wallet regardless of the currency in the account.

Safein has just released our MVP which can be tested on their website. This allows you to create an account, verify and add it to your mobile device and try to subscribe easily to some of our demo sites. The whitelist of Safein will start on March 1. The only current TGE with their live MVP version, this is great. You can try MVP here on the Safein MVP Registration page.

As we see the rise of e-commerce, the industry is still facing improvements as concerns about data protection, network security, money laundering and the monopoly of many industries. different. One can assume that the internet is designed without a layer of identity, noting that the daily movement has become a big struggle, having to use your passport on most investment sites.

There is nothing better than the view of a merchant. Market research shows that new users can charge an online service provider up to $ 20 per new customer to join, with a total of annual bulls for guaranteed over-identification. EUR 3.5 billion in the United Kingdom alone. Worse yet, there should be other good luck to collect, manage and store the collected personal data correctly.

Safein’s key features

Safein’s key features include:

Multi-Factor Authentication Mechanism and Digital Identify Management, KYC Procedure Engine, Digital Wallet, and Payments.

With Safein, users can now save their personal information and the details about their tokens in the platform with the purpose to make the KYC process easy for the shoppers and merchants. This will help the shoppers feel at ease while shopping online.

In addition, Safein will also allow direct payment from the Safein wallets of a shopper in regardless of the which kind of cryptocurrency held in the account.

One more interesting point is that they have already had the MVP which can guarantee their ability to implement the product. You can now try out Safein’s features by using their MVP application. With their MVP, you can create an account, verify the account and connect it to your mobile phone. This will now enable you to register easily on other platforms.

The Safein Goal

Safein would like to become the best single sign-on digital identity and payment system in the world which contributes to the revolution how people are making payment, signing up on online platforms and finalizing KYC processes only just with 1 click.

Besides anonymous login, the users can have a complete control. After every successful login, the Safein’s users can make payments in a seamless and quick way with low transaction fees; and securely save the fiat or cryptocurrencies. Safein is able to convert automatically and deliver the users’ funds in the merchant’s preferred way.

BENEFITS OF SAFEIN

We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by/from:

1. Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;

2. The end of management and recovery of numerous user accounts with different passwords;

3. Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;

4. Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;

5. Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;

MULTI-FACTOR AUTHENTICATION MECHANISM AND DIGITAL IDENTITY MANAGEMENT

Security must be a primary focus while managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the very beginning. While integrating Safein, each merchant will be able to choose a minimum security level that he requires from its users. For example, merchants can ask that all logins to the merchant’s website and all payments must be confirmed by user on his mobile device - i.e. (i) a push notification shows up, (ii) user must identify himself via pin code or fingerprint on his mobile Safein app and (iii) approve login or purchase. User (in his panel) can also enhance general security levels for each website individually. For example, even if a specific website does not require mobile device confirmation for website login, a user can always enhance his security level by enabling that requirement himself.

With Safein, users will not only be able to fully control their logins and actions but track and manage them as well. Users will be able to see their full activity history, including logins and payments, track their used devices, manage current active login sessions and cancel them at any time. Users will also be able to easily check which website has access to certain data. Most of the functionality related to identity management is already available in the MVP.

DIGITAL WALLET AND PAYMENTS

Safein is planning to be a fully licensed EU electronic money institution with the ability to receive and process payments in full compliance with the law. Users will be able to hold their crypto and fiat currency in a single wallet as well as convert them from one to another.Major cryptocurrencies, including Bitcoin, Ethereum ERC20 tokens, and other popular cryptocurrencies will be supported. Currency exchange functionality, for crypto and fiat, will be standard for all currencies with 0.5% markup from the best available rate in the market. Having an EU electronic money institution (EMI) license will allow Safein to connect the SEPA network and give IBAN codes to all of our users. Having that available, Safein will be one step closer to becoming a standard instrument for daily use. Additionally, Safein plans to have payment cards linked to users’ accounts, so users will be able to use their Safein accounts daily both online

KYC PROCEDURE ENGINE

Safein team is currently in talks with the world’s leading automated ID verification service provider to provide exceptionally accurate results using its AI-powered document checking algorithm. Such checks, where users will only need to scan their IDs with their cameras and take selfies, will be sufficient for most uses. Some advanced verifications, where users need to comply with very specific regulations (for example, some cryptocurrency exchanges), will be done manually by the Safein team. It could take up to few minutes, but compared to current waiting periods of weeks for some exchanges, it is still a radical improvement, especially keeping in mind that users will only need to do it once.

How Does Safein Work?

Some of the core features of Safein include all of the following:

- Pay with Fiat or Crypto:

Once you’re logged in with Safein, you can make payments without providing any extra information. You can store your money in traditional currencies – fiat currencies – or any cryptocurrency. Safein will automatically convert and deliver funds in the merchant’s preferred way. Every payment is processed within the boundaries of Safein, making them instant, secure, and cheap.

- Control your

Safein lets you control your data, which means you always know what websites know about you. You can login online anonymously or only share data that the website really needs. You don’t have to go through a complex login process and enter the same data every time you sign up for a new online service. Plus, you can revoke data access permanently with a single click.

- Easy Dashboard:

Safein has a web panel where users can control their access privileges. You access the panel through a mobile app or web browser. Through this panel, you can view your entire activity history, including registrations, logins, and payments.

- Get Access to Websites with a Single Click:

Safein allows users to sign up and login to new websites with one click. You can avoid tedious registrations and passwords. After you approve (with a single click), Safein will deliver your data to new websites on your behalf.