Startup aims to facilitate online shopping and secure personal data

Safein, a startup founded in Lithuania at the end of 2017, launched a beta version of its platform that allows users to access Register on new sites and buy goods and services in a few clicks. The Safein team plans to obtain an EMI (Electronic Money Institution) license in the EU, which covers cryptographic and fiat payments.

By clicking and clicking

Startup describes itself as a "revolutionary way to pay online". The basic idea is simple: a user creates a complete profile at Safein, only undergoes KYC once, and after that can apply it to several ecommerce platforms. In addition, Safein will not provide users' personal data to a website without their approval, says the company.

According to the Safein website, retail e-commerce sales will steadily increase from $ 2,290 billion in 2017 to $ 4,480 billion in 2021. As sales increase, consumers must more and more accounts, then often lose passwords. Meanwhile, the collection and maintenance of personal data from all these accounts are quite expensive for businesses.

According to the Safein press release, the integration of new users can cost up to $ 20 per new customer, with a total of annual insurance bill of the year. identity above 3.5 billion dollars in the UK alone. Worse still, to collect, manage and store the collected personal data correctly, companies must pay more.

"We combine KYC digital identities and payment services on one platform, so no one has," says Lukas Deksnys, Safein co-founder and co-founder , in a brief video interview. "We basically found that there was a lot of inefficiency in the process of buying online," says Lukas.

An official license for cryptographic payments

According to the official Safein press release, startup will be the first payment service provider in the world to put in place the necessary documents and obtain the Electronic Money Institution (EMI) license in the country. EU, which covers cryptographic and fiat payments

" records and KYC verifies by allowing our users to do this once on our platform and then using that data every time that you use online service "explains the press release. The team has released a beta version of its platform with basic login functionality by single click. The beta, or as the team calls, MVP (Minimum Viable Product), is available to be tested on the Safein website, as well as on Android and iOS applications. Each activity performed by users of the Safein platform is rewarded with SFN tokens.

" In addition (MVP), we have just launched an identity verification service on our platform, verify their identity within our application! They can then use the same account for participating in ICOs or exchanges "says Safein's press release

Safein will launch its ICO campaign on April 25. ETH and the hard cap is 12,500 ETH.

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