Safein : A Sign Of Digital Identity And A Payment Wallet

What is Safein?

Safein is built by a great architecture to allow users to keep their properties, as well as currencies and secrets in open accounts on our platform. Safein will go into various business areas where the combination of having all of the above brings benefits to the users online and offline. Safein's top priority is to remove too many KYC registrations and procedures.

At the same time, Safein will standardize crypto payments on all ecommerce sites. Currently, no large-scale Payment Service Provider accepts fiat and crypto payments. Safein will solve this problem by allowing users to pay for their items directly using their Safein wallet regardless of the currency in the account.

Safein has just released our MVP which can be tested on their website. This allows you to create an account, verify and add it to your mobile device and try to subscribe easily to some of our demo sites. The whitelist of Safein will start on March 1. The only current TGE with their live MVP version, this is great. You can try MVP here on the Safein MVP Registration page.

As we see the rise of e-commerce, the industry is still facing improvements as concerns about data protection, network security, money laundering and the monopoly of many industries. different. One can assume that the internet is designed without a layer of identity, noting that the daily movement has become a big struggle, having to use your passport on most investment sites.

There is nothing better than the view of a merchant. Market research shows that new users can charge an online service provider up to $ 20 per new customer to join, with a total of annual bulls for guaranteed over-identification. EUR 3.5 billion in the United Kingdom alone. Worse yet, there should be other good luck to collect, manage and store the collected personal data correctly.

BENEFITS OF SAFEIN

We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by/from:

1. Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;

2. The end of management and recovery of numerous user accounts with different passwords;

3. Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;

4. Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;

5. Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;

For user, Safein means:

No more registrations in multiple websites;
No more waiting to get KYC done for each site / ICO;
Trusted, convenient and quick payments in fiat and cryptos;
Enhanced privacy, cybersecurity and data protection;
Revolutionary referral program with token rewards.

For merchants, Safein brings:

Enhanced trust and increased conversion rates;
Reduced customer support costs;
Free KYCs;
Lower cryptocurrency and fiat transaction costs;
Lower compliance costs and risks as well as buyer protection.

Safein is a game-changer because of:

Ability to easily solve the delays, crypto payments and multiple account management problems in e-commerce;
Free of charge user verification and data protection services complying with applicable regulations;
Exceptional focus on easiness of use, integration and cybersecurity;
Tokenized platform business, where everyone benefits from being part of the network;
Revolutionary referral growth model, consisting of a Referral, Registration and Login token pools.

Multi Factor Authentication Mechanism and Digital Identify Management

Security must be a primary focus while managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the very beginning. While integrating Safein, each merchant will be able to choose a minimum security level that he requires from its users. For example, merchants can ask that all logins to the merchant’s website and all payments must be confirmed by user on his mobile device - i.e. (i) a push notification shows up, (ii) user must identify himself via pin code or fingerprint on his mobile Safein app and (iii) approve login or purchase. User (in his panel) can also enhance general security levels for each website individually. For example, even if a specific website does not require mobile device confirmation for website login, a user can always enhance his security level by enabling that requirement himself

With Safein, users will not only be able to fully control their logins and actions, but track and manage them as well. Users will be able to see their full activity history, including logins and payments, track their used devices, manage current active login sessions and cancel them at any time. Users will also be able to easily check which website has access to certain data. Most of the functionality related to identity management is already available in the MVP.

KYC Procedure Machine

The Safein team is currently in talks with the world's leading automated ID verification service provider to deliver highly accurate results using its AI-powered document checking algorithm. Such an examination, where users only need to scan their identity with their cameras and retrieve selfies, will be sufficient for most uses. Some advanced verification, where users must adhere to very specific rules (for example, multiple cryptocurrency exchanges), will be done manually by the Safein team. This can take up to several minutes, but compared to the recent waiting periods for several exchanges, this remains a radical improvement, especially given that users only need to do it once.

Buyer Protection Mechanism

Most merchants are well aware of issues arising from credit card and cheating refunds. One of the biggest advantages of crypto payments is that it can not be changed anymore. In e-commerce standards, merchants are considered as a more trusted party, therefore buyers need to send payments first. Resolution mechanisms of dispute resolution and dispute resolution were created to help buyers recover funds from merchants who failed to deliver the goods or delivered them in an unsatisfactory manner. However, these mechanisms have recently been abused by fraudsters and scammers in the opposite way.

TOKEN MODEL

The idea of having a single account for everything you do online is simply brilliant, but it requires a large scale. Developing Safein is the same as trying to solve the chicken and egg problem - you need a lot of users to attract merchants, and vice versa. Without merchants you can not acquire new users. Safein will leverage its tokens to grow its user base and acquire merchants. Use of the Safein platform will reward both users and merchants for using innovative payments and identity management solutions created by our team.

Free payment process for SFN holders
Each Safein user activity is rewarded with SFN
The growth of the user base is rewarded with cheap referrals in SFN

Safein token features :
• 100% free payments for merchants who possess Safein tokens
• Monthly cashbacks for users paying with Safein tokens
• Login Pool to incentivize Safein use among users and websites
• Registration Pool to reward new users
• Referral Pool to grow user base rapidly

ICO Fund Allocation:

• Develop cardiard kripto wallet and payment function

• Obtain an Electronic Money Institute license

• Launched fiat deposits and trader payments in EUR, GBP, USD

• Obtains the first 500 medium to large traders

• 2 years of administrative, operational and personnel expenditure