BidiPass, which will maximize security in physical and digital transactions, combined its power with ICOBox
BidiPass, a secure Blockchain-based personal authentication system provider for physical and digital transactions, has joined forces with ICOBox, the leading provider of SaaS solutions for the ICO process.
The advantages that make the platform attractive for consumers and credit institutions. besides, the financing of the project is of great importance.
The global mobile money market will reach $400 billion in 2025
According to a report published by Research and Markets in 2017, the global mobile money market It alone is expected to grow at a CAGR of over 38% per year and exceed $400 billion by 2025.
ICOBox will provide BidiPass with its comprehensive technical, legal and marketing services.
People want speed, security and convenience
As digital technology advances, customers expect instant gratification for their daily needs.. This includes the ability to access their money wherever they are globally, using any digital device, be it a phone, watch, tablet or desktop computer.. At the same time, they want a secure and reliable system that will allow them to withdraw and make payments without having to carry numerous credit and debit cards and remember the associated passwords.. The system also protects both identities and assets.
Unfortunately, these needs were not met by most banks and other financial institutions; it has even been undone by additional controls imposed by governments and regulators, including restrictions on capital movements starting with the 1998 global financial crisis.
In addition, banks are working on legacy systems that are cumbersome and vulnerable to cyber attacks. continues its trend. In July 2017, Italy’s largest bank, UniCredit, was hacked with data from 400,000 accounts allegedly hacked.
How does BidiPass work?
Composed of well-known professionals from the banking and information technology industries, the BidiPass team has addressed these issues. believes they have found the answer.
The BidiPass platform provides a solution to assist all parties involved in settlements by providing instant approval to customers and financial service providers access to new customers and potential revenues.. The solution consists of a Quick Response Code (QR Code) to be used in the BidiPass ecosystem and the company’s own token, Bidicoin (BDP).
Banking and financial applications represent just a small part of the numerous online and offline applications offered by BidiPass. doing. The BidiPass Blockchain-based platform will help minimize the risk of identity theft through the digital authentication system BidiKey.
A mobile user receives a unique two-dimensional code containing encrypted data as an encrypted session key that confirms the user’s service provider. The user’s mobile device captures an image of the code that is converted to the character code.
The potential value of the patent is “millions of dollars”
The company’s proprietary technology for personal authentication of mobile devices is patented for worldwide use. The potential value of this patent lies in the prestigious patent and intellectual property firm Clarke & Modet, Co..
BidiPass President Fernano Albarran said:
BidiPass will facilitate seamless and secure financial transactions that are conducted simply and quickly.. At the same time, all customers on our platform will be able to manage all their data in one application and use a personal digital passport recognized by any institution participating in the BidiPass network.. By using our advanced technologies, we can help financial institutions be more agile and benefit from accessing new revenue streams without having to pollute their old systems. >
As BidiPass, we look forward to getting advice from the ICO expert team at ICOBox on progress and taking our project to the next level.
Another name talking about the partnership, ICOBox founder his partner was Nick Evdokimov. Evdokimov said:
Consumers are looking for an easy and secure way to conduct financial transactions. They appreciate the convenience of blockchain and BidiPass uses the power of this technology to provide what users want.
The platform pre-sale process starts in 6 days. Don’t forget to set your alarm! For detailed information, you can visit the BidiPass website.
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