KIBIS Brings Blockchain to Kiosks to Transform Self-Service Payments

[Ozark]

KIBIS offers everyone an opportunity to manage their financial affairs via self-service kiosks that are at their disposal 24 hours a day.

The widespread adoption of self-service kiosks began about 20 years ago, when technological advancements really picked up pace. The self-service industry is enjoying strong growth, with kiosks being one of the most successful segments. They significantly cut queue times in banks and post offices, minimize the risk of human error, and reduce administration and processing fees. Customers often choose kiosks as their preferred payment option when it comes to mobile phone accounts, utility bills, or money transfers.

On the other hand, 2018 statistics from the World Savings Banks Institute show that about 2 billion people across the globe remain without a bank account and have to rely on cash or prepaid cards, which offer rather limited financial services and solutions. They neither allow cross-border remittances nor provide a one-stop shop for users, yet they come with high maintenance costs. Furthermore, even people with bank accounts would often prefer more flexibility in managing their financial affairs and maintaining control over their payments. They would appreciate being able to perform secure and fast transactions at their convenience.

In order to address these issues and provide consumers with more efficient and cost-effective services, kiosk supplier and operator KIBIS aims to deploy a revolutionary blockchain technology. The team behind the project believes its solution might upend the existing self-payment infrastructure and make financial services available to millions of people worldwide round the clock.

KIBIS hopes to achieve this via its global network of blockchain-powered self-service kiosks. The plan is to install up to 18,000 terminals around the world, placing them in the most accessible and convenient places, for example, shopping centers and squares.

Apart from traditional transactions, this multifunctional project will offer a wide array of services. Users will be able to perform routine actions such as:

  * pay regular utility bills;
  * credit mobile phone accounts;
  * pay for TV-subscription services;
  * pre-book airplane tickets and check flight information;
  * make donations  to charitable organizations;
  * buy prepaid gaming vouchers;
  * pay for iTunes and Google Play services or buy gift cards.

Besides, KIBIS kiosks will be fitted with advanced crypto mining equipment and have access to low-cost electricity. This will provide the project with an independent revenue stream.

This decentralized payment ecosystem will be powered by a native ERC20 token of the same name. It will facilitate all transactions on the self-service kiosks. The total KIBIS supply is 2.52 billion, with only 700 million (28%) earmarked for sale and distribution in the initial coin offering (ICO).

The exchange rate for 1 KIBIS is set at $0.5 for the pre-ICO and $0.6 for the main sale. The project team launched the pre-ICO phase on December 10, while the public sale round is scheduled to open on December 25. The ICO will last for 45 days or until the hard cap of $400 million is reached, whichever happens first. All unsold tokens will be burned.

If you are interested in this ICO, you can visit the official website or subscribe to receive project updates on Twitter and Telegram.


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