KINEKT –TRANSACTIONS MADE EASIER

Introduction:

Bank, simply means a financial institute where we keep our money and take it out whenever required! But it is not as simple like its definition, It is much more complex. It is combination of terminals and cloud system and man force that helps us perform thousands of transactions. Thousands of it? Yes! Because we use their provided banking cards and digital wallet for shopping and buying movie tickets. But have you gone through problems of having to keep many bank accounts cards, digital wallets, credit cards, ATM cards,cheques etc so that you never get stuck somewhere without any money? And still have to keep hard cash with you, with the fear of this technologies running out or it taking time to process and it's easy to takes money from pocket when buying pizzas or groceries rather than Visa or MasterCard Debit Card because the shopkeeper doesn't have the machine to swipe it! And isn't it annoying for you to know that you pay for ATM service they provide but still have hundreds of issues like limit of ATM withdrawals from same bank's ATM or other bank's ATM and also cards getting stolen or misplaced, and then trying to stop it and get in lines for new ones.

Well it seems that earning money was difficult but keeping it safe in thousand of accounts, maintaining them and using them when needed is not that easy too.

There lie hundred of reasons behind the existing system of banking being so poor, but one of them is terminal that these banks own! They are expansive, and not easy to be maintained. And thus prices are high. Also have to go through two terminals or two processes when getting money from other bank from yours. Also other reasons like they require software to be designed or ATM machine or handsets, naked payments are not supported, thus adding to cost and processing time. And one of other hindrance is no crypto-currency transfer is supported by them.

Solution:

Kinekt is here with its patent solution which solves all the above banking related problems by the way of low cost, more secured Blockchain integrated terminal for the transactions to continue faster, simpler and more secured way along with crypto-currencies exchange.

The terminal is built in view of making it better for customer, providing them with better services at cheaper cost. By bringing in technology of terminals, cloud-server platforms better point-of-sale services can be provided to the customers and thus they don't have to carry any handsets, or bank cards etc. Customers just have to provide with phone number and fingerprint. All the data will be uploaded to Kinekt Servers and will be used to transfer money or crypto-currencies anywhere in the world. It will better Point-of-sale and will help reduce price as only one common terminal will be involved. It also comes with its own wallet that lets you do things, whatever you want to do with your money with just your fingers and their prints. Also customers with 3rd party-services with existing terminals can plug-into Kinekt for this purpose. So now open any app or wallet you want to transfer money from and do it, without many things to worry for.

ICO Information and Team

Kinekt token is built on Ethereum blockchain technology. They will be in sale in three phases i.e. pre-sale, public sale and private sale. With 25 million tokens in sale, 50% of them will be on sale in initial coin offering. The other 50% will be offered as bonus for customers who keep their tokens for more than 12 months. Token is priced at 0.20 US$. The earnings from the pre-sales will be used for development of company in Marketing, R&D, Administration, Employees etc.

Conclusion

Life has thanked us with many gifts but sure those gifts we don't get until and unless we face and solve our problems. Banking too was a problem till now as we have a old tradition of banking being followed. Since 1979, where first contact less transfer of money becomes possible, not much things have changed in the networking region or core region of this industry. Just with front end changing where swiping plastic cards have become contactless RFID cards, the internal remains same which is now quite less secure too.

Kinekt came up with blockchain technology, to change things around banking industry and processing of transactions. Thus we can see growth in easy banking now with less plastic cards! Can we?

Website – https://www.kinekt.technology/

Whitepaper – https://www.dropbox.com/s/hludc0snmjerxiz/kinekt%2C%20ico%20white%20paper.pdf?dl=0

Telegram – https://t.me/joinchat/HjXa7xB1wiz4_7QagMgXKw

Published by coineaglebt

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