11 Reasons Why KIBIS is Going to Become the Next Big Thing in the Self-Payment Industry
KIBIS is an innovative self-payment kiosk supplier that is on its track to becoming the premier payment provider for millions of unbanked people around the world. Presently, there are approximately 2 billion unbanked people in the world and a large proportion of these people reside in the Middle East.
The utility token of KIBIS created on the Ethereum Blockchain will help all community members become a part of the universal and decentralized payment network. KIBIS is ready to change the way people make daily service payments.
KIBIS is bringing together decentralized ledgers, Blockchain architecture, cryptocurrency, and self-service kiosk technology. By doing so, KIBIS presents an accessible and easy way for people to make payments, purchase services and participate fully in consumer life wherever they are. All these services can be availed without credit cards, bank accounts or internet access at home. Kiosks are publicly accessible, free to use and ready for use 24 hours a day.
Here are 11 reasons why the KIBIS Coin is set to become the next big thing in the self-payment services segment, and why investors should participate.
REASON 1: The KIBIS coin will serve the undeserved and improve their quality of life
KIBIS coin will be directly addressing the needs of the unbanked, in locations where they reside and work and offer them tangible, real and practical benefits. The KIBIS coin and the KIBIS kiosk system will also provide a highly pragmatic one-stop-shop and one-stop payment method for a wide variety of consumer services and transactions. This, in turn, will help the unbanked participate fully in their consumer activities and daily transactional functions.
REASON 2: KIBIS is addressing a widespread and serious problem
Self-service payment kiosks have been noted to reduce queue times by 30% and increase access to infrastructure for payments. This creates more time for consumers to devote their attention to their work, families and free time. The lack of amenities for those without access to banking infrastructure creates a roadblock in terms of their functionality in life and wastes time that can be spent more productively. KIBIS addresses this issue by giving accessible kiosk gateway services to consumers and removing the high barrier of entry that besieges credit cards and bank accounts.
REASON 3: KIBIS kiosks will be placed in accessible locations
To begin with, the KIBIS initiative will see 18,000 kiosks implemented in the Middle East at various key locations. These will include shopping centers, pedestrian squares, and popular attractions. This also presents a great opportunity for business partnerships with companies, which can use the kiosks to promote their brands to millions of potential customers on a daily basis.
REASON 4: KIBIS will create an independent revenue stream from its mining pool
Particularly alluring to investors is the potential held in the creation of new and independent revenue streams from mining pools. The KIBIS mining strategy is integral to the project and holds numerous benefits ensuring profitability, a constant pool of coins and, most importantly, a consistent price per coin. KIBIS is opting for a multi-algorithm mining platform, mining the most profitable coins in any given period and maximising return on investment.
REASON 5: KIBIS coins mining promotes power savings in the self-payment industry
Crypto mining is fraught with a number of genuine concerns regarding energy consumption. KIBIS manages to negate this issue by providing both the self-service payment kiosks and the mining infrastructure together in the same hardware. This represents an environmentally friendly way to use the service and mine for the KIBIS coin together. Indeed, power saving is one of KIBIS’ defining features as in many of the current KIBIS kiosk locations power is free due to our licensing agreement with the housing agent.
REASON 6: KIBIS investors are presented with unique reward tokens
Investors participating in the KIBIS ICO and purchasing coins can look forward to receiving significant rewards of up to 200% over a 36-month term. The intrinsic value of the coin also increases participants’ benefits every month.
REASON 7: Users can get discounts from service providers and advertisers.
KIBIS has already applied for its advertising agency license and plans to negotiate a raft of further benefits and discounts from service providers and advertisers. KIBIS is looking to join a network which has broad coverage for prospective ICO advertisers.
REASON 8: KIBIS is versatile, both as a kiosk and a crypto coin
The KIBIS kiosks are not just for making utility payments but also for helping the unbanked send payments and money abroad. They can send money in fiat, the KIBIS coin, or in vouchers for redemption locally. As a large proportion of migrant workers in the Middle East do not have bank accounts, these individuals need a way to receive and send money to the Indian subcontinent and Nigeria. KIBIS is perfect for secure transactions via smart contracts. It is also great as a payment method and currency for making charitable donations, purchasing air tickets, TV services, gifts cards, and online gaming vouchers and making international mobile recharges.
REASON 9: What happened with kiosks in Europe is a good indicator of what can happen with KIBIS today in the Middle East
Self-payment kiosks were introduced in Europe 20 years ago, as 8.6% of Europeans, which is nearly 64 million people, did not have a bank account. They have helped tremendously to give these populations access to payment infrastructure. KIBIS is set to increase this in the Middle East, where the need for services for the unbanked is even greater. It is because only 14% of the population within the Gulf regions have access to banking infrastructure and there is a categorical lack of ATMs. This has led to wider incorporation of kiosk usage and KIBIS is set to become a part it.
REASON 10: Privacy
KIBIS kiosks and coins present a much more palatable alternative to the security-aware consumers. Even if you have a bank account with direct debit and point of sale functionality, consumer data along with company infrastructures are still vulnerable to DDOS attacks and SQL injections. For these reasons, many consumers have a preference to manage their finances using self-service kiosks that discloses a minimum amount of information. KIBIS kiosks have excellent security measures, both in hardware and software, plus the intrinsic benefits of decentralized ledgers, smart contracts, and the ERC-20 protocol.
REASON 11: KIBIS represents significant growth potential
A survey by Statistics MRC, a leading global research company, shows self-payment machines in the Middle East facilitate financial transactions worth USD $45 billion each year. This amount is expected to reach USD $80 billion in the next four years, as the uptake of the kiosk payment system increases. KIBIS is ready to take the self-payment kiosk segment world by storm with its kiosks, services and companion crypto-coin.
Conclusion
KIBIS is ready to revolutionize the self-payment kiosk segment, by bringing together crypto usage into a highly adaptable and practical kiosk system for a variety of purposes.
KIBIS kiosks and the KIBIS tokens represent an entirely decentralized, in-person payment suite for a range of services that are utility-based, leisure, travel, entertainment and more. Allowing newcomers to the world of crypto to be introduced to their practicality, without the risks associated with speculative investment in coins, KIBIS tokens have an intrinsic practical use. The kiosks themselves serve the undeserved, unbanked and often forgotten population in the Middle East who do lack access to credit cards, bank accounts, and other payment infrastructure.
KIBIS is set to introduce viable payment alternatives and cryptocurrency to a market that will grow along with the company. This will be done by providing the forgotten demographic of unbanked with an empowering new means of accessing decentralized payment gateways to buy services and access smart tokens.
By participating in the ICO, investors can join KIBIS vision in mining traditional business with Blockchain technology, cryptocurrency, and self-payment infrastructure. They will also contribute to changing the way that people in the Middle East make payments for all of their daily services.
KIBIS envisions being live in the UAE by mid-January 2019, with 600 locations and almost a USD $ 9 million monthly turnovers. We have also included a reward program for ICO investors, which will give investors a 200% additional worth of tokens after they are kept in the wallets for 36 months.
To learn more about KIBIS and to participate, to go:
Additional details:
Telegram: https://t.me/KIBISofficial
Facebook: https://www.facebook.com/kibisofficial/
Twitter: https://twitter.com/KIBISofficial
Youtube: https://www.youtube.com/channel/UCPVerU77SOvy20NwoqTqPtA
VK: https://vk.com/kibisofficial
Reddit: https://www.reddit.com/user/KIBIS_official
Vimeo: https://vimeo.com/kibis
Discord: https://discord.gg/yAD8x4z
