10 Reasons Why KIBIS Will Become the Gold Standard for Self-Payment Services
The KIBIS Coin is the ideal introduction to cryptocurrency for a vast demographic of people who are known as the unbanked individuals. These individuals lack access to traditional banking services, credit cards, and sometimes the internet or even smartphones. The KIBIS kiosk system network — and its crypto coin, KIBIS — together provide a vital method through which this category of people can offer a number of important payment services.
Consumers that don’t have access to the internet would ordinarily have to visit payment centers to conduct their transactions with certain service providers. This can be extremely prohibitive to consumers who live in very remote locations, necessitating long travel to perform basic transactional functions.
KIBIS offers a solution in the form of self-payment kiosks, 18,000 of which will be placed initially in key locations (shops, transport interchanges), and then rolled out to the locations around the world, so that millions of people can conduct their business 24 hours a day, accessible and at their convenience.
Here are 10 reasons why the KIBIS coin is set to become the standard coin for self-payment services.
1. Self-payment kiosks are a way for users to send and receive money internationally
In Europe, a high number of Eastern Europeans work abroad. Around ¼ and 1/3 of the population of some European countries like Hungary, Poland, Romania, and Bulgaria lack access to banking services. These unbanked people need to send and receive money to and from friends and family living abroad. In the Middle East, the number of people excluded from banking services is far greater, with only 14% of the entire population having a bank account of any kind. KIBIS offers self-payment kiosks to these people as a medium to send and receive money and undertake vital transactions in the KIBIS coin as well as in fiat currency.
2) Self-service kiosks have massive growth potential in the Middle East
By offering services akin to those offered by banks (sending and receiving money, transactions support along with other benefits and services), self-service kiosks can fill in a major loophole for the unbanked population of this region. This represents huge growth potential and a significant way to improve the quality of life of millions of migrant workers in the Middle East. These workers usually hail from the Indian subcontinent, and Nigeria. The potential for mass adoption can catapult the KIBIS coin to the position of primary coin for self-payment functions in the Middle East and then the world.
3) Funds can be transferred in vouchers and redeemed
KIBIS has integrated additional remittance ease by making it possible for funds to be transferred in cash, in KIBIS coin, and in crypto vouchers. For people sending money back home to the Indian subcontinent, and Nigeria, this is ideal as the recipients in these locations may also lack access to a bank account. The funds transferred through vouchers can be used throughout the Middle East and redeemed at large companies and payment stores, including Bata, Big Bazaar and Westside.
4) Independent studies show that self-service kiosks are expected to grow in the future
KIBIS coin, being connected to the KIBIS kiosk system, is set to be big business if the projections of self-service kiosks’ growth are correct. 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.
5) Adding a dedicated coin to an already growing uptake will only increase its user-profile and usages from individuals to companies and beyond
The KIBIS coin will be a dedicated coin for self-service payment transactions, welcoming people to the world of kiosk payments and to cryptocurrencies in the same motion. By being accompanied by additional protections and securities available through the Blockchain infrastructure, self-service kiosks and the KIBIS coin can become the preferred method of payment, means of transferring funds and completing transactions. The risks and expense associated with credit cards and the lack of security of cash can be avoided by using the KIBIS coin. The user-uptake is already exponentially growing. In fact, a report by GCC found that kiosks are rapidly being incorporated into businesses and large corporations, who have begun to roll-out kiosks that enable employees to check and update payment details and even apply for vacation time from work.
6) Investors from different backgrounds are investing in KIBIS
Retailers, governments agencies, restaurants and healthcare organizations alike have already increased their investment in self-service kiosks to the point where the range of services available is growing to cater to all manner of client needs. Investors are participating in the KIBIS self-payment kiosk ICO and becoming a part of one of the most exciting fusions of crypto, payment-infrastructure, and technology that the world has seen.
7) KIBIS offers so much more than just a way to make bill payments
KIBIS self-service kiosks are a way for money, crypto, vouchers and fiat currencies to be sent and received via smart contracts on the ERC-20 protocol. They also offer a way for consumers to renew their TV service subscriptions like Netflix and Amazon Prime, top-up phone vouchers, access flight booking services, pay for gaming services, purchase crypto gift cards, and perform an ever-growing range of consumer services. All this without the need for a bank account, smartphone, home internet access, or a bank account.
8) The KIBIS vision is ready to be scaled out into the rest of the world
There are 2 billion people in the world who do not have access to a bank account. As many rely on cash as their preferred or only means to pay utility bills, this will continue to be a core and important service offered by the KIBIS kiosks. Although pre-paid cards have grown in popularity, the KIBIS coin is a better alternative to debit or pre-paid credit cards. It is because they offer financial flexibility, greater security and more flexible usage potential to coin holders and allow them access to a full and growing range of financial services. The KIBIS vision is ready to make the KIBIS self-payment kiosk and the KIBIS coin a one-stop shop and one-stop payment currency in the whole world. The self-service industry is expected to grow to USD $32 billion by 2020.
9) Kiosks are the fastest growing self-service segment
Kiosks are expected to contribute more than 50% of the overall market revenue within the self-service segment. KIBIS is ready to create appealing opportunities for investors to benefit from this potential and become a part of the future.
10) KIBIS coin is practical
While a lot of cryptocurrencies offer nominal value at the worse and theoretical-practical value at best, the KIBIS coin brings together a strong practical usage with real value. All this while allowing seamless integration into the world of distributed ledger technology, cryptocurrency, and self-service kiosks. Rather than advertising solutions that don’t address current needs, the KIBIS kiosk ecosystem provides solutions for real issues and help consumers facilitate transactions that they need to make anyway. However, the transaction made with kiosks is faster, easier, and cheaper and without barriers. This will help the KIBIS coin to become universally known for payment services and allow for an infinite level of adoption by more service probers and retailers to utilize the coin.
Conclusion
The KIBIS coin is poised to become the universal payment method for self-payment kiosks and a new way for consumers to take their own payments into their own hands.
Allowing newcomers to enter the world of crypto and be introduced to their practicality without the risks associated with speculative investment in coins, KIBIS tokens have intrinsic practical use. The kiosks themselves serve the underserved, unbanked and millions of people in the Middle East who do not have access to credit cards, bank accounts, and other payment infrastructure.
KIBIS is providing this forgotten demographic with an empowering new means of making payments, buying services, accessing smart tokens and decentralized payment gateways. By doing so, KIBIS is set to introduce viable payment alternatives and cryptocurrency at the same time to a market that will grow along with the company.
By participating in the ICO, investors can join KIBIS vision in mining traditional business with Blockchain technology, cryptocurrency, and self-payment infrastructure. Hence, changing the way that people in the Middle East make payments for all their daily services.
KIBIS envisions going live in the UAE by mid-January 2019, with 600 locations and almost a monthly turnover of USD $9 million. We have also included a reward programme for ICO investors, which will give investors 200% additional tokens when the purchased tokens are kept in the wallets for 36 months.
To learn more about KIBIS and to participate, to go:
Additional details:
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Medium: https://medium.com/@kibis
Vimeo: https://vimeo.com/kibis
Discord: https://discord.gg/yAD8x4z
