The idea behind Humaniq was to bring the underbanked, a number that estimates around 3.5 billion worldwide, into the banking world; in an interview with the Huffington Post, Humaniq CEO Dinis Guarda talks about the solution they are bringing to the market; they are working with emerging economies where people live on $2.50 a day and have access to a smartphone; the Humaniq banking app will allow these individuals to have access to chats, wallets, payments, microloans and peer-to-peer lending services; they are doing an initial test in Ghana, allowing users to chat and make payments with their phones to local merchants; offering the underbanked a solution is something that can help lift communities and ultimately countries out of poverty. Source
Humaniq is developing new banking options for emerging markets in Africa, Latin America and parts of Asia in efforts to help eliminate poverty; the firm is a next generation bank based on Ethereum with open APIs for connecting to services from other companies; platform plans to launch with biometric authentication, simple account set up and money transfers; Humaniq Founder Alex Fork talks with CoinTelegraph about the firm's ambitions. Source
Humaniq is a blockchain startup focused on financial inclusion; the company released an alpha version of their app; initial features include remittance payments and P2P lending as well as support for cryptocurrencies such as bitcoin and ether; Humaniq also has their own tokens called HMQ; app includes biometric ID verification for unlocking and verifying transactions; user profiles are based on facial and voice recognition algorithms; according to CEO Alex Fork: "Our initial target audience is people in emerging economies, and many of them don't have email. By using biometric ID we make the signup process more inclusive for people with low literacy while also lowering opportunities for fraud. Each real person will only ever be able to create one account, and no one will ever be able to steal their account. For businesses, a network full of real people is a dream come true, for reasons that are self-evident." Source