Humaniq Launches App, Focuses on Emerging Markets

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

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