Liquid Avatar empowers users to manage, control and benefit from their online identity and data
Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
KABN to Release Liquid Avatar in App Stores Feb 18 to Further Progress Self Sovereign Identity
KABN | Cara Buckspan | Jan 26, 2021
Liquid Avatar empowers users to manage, control and benefit from their online identity and data
TORONTO, ON / ACCESSWIRE / January 26, 2021 / KABN Systems NA Holdings Corp. (CSE:KABN)(OTC PINK:TRWRF)( FRA:4T51) (the "Company", "KABN North America" or "KABN NA") (www.kabnsystemsna.com), a North American Fintech solutions company specializing in empowering individuals to manage, control and generate value from their biometrically-verified Self Sovereign Identity ("SSI") through its Liquid Avatar (www.liquidavatar.com) platform, will be releasing its live, open beta app globally in the Google Play and Apple App stores on February 18, 2021, subject to all final approvals .
Liquid Avatar, available at no cost to consumers, makes it easy for individuals to start and maintain the process of managing their SSI/digital identity. With the ability to share that with their friends, family, colleagues, and others easily, safely, and securely through biometrically enabled Self Sovereign Identity tools and services.
See: Digital Identity Isn’t Only For People
The Liquid Avatar platform allows users create high quality digital icon representations of themselves which can be used to easily share what they want, when they want, and with whom they want. Liquid Avatar users will also be able to create digital wallets to manage and store a wide range of verifiable identity and access credentials, and to take their conventional identity online, allowing users to prove themselves as easily and effectively as they do in the "real world".
With online identity and data management at the forefront of the global regulatory and legislative landscape, the addressable market for services, such as Liquid Avatar, can potentially be 100% of the online market, over 400 Million people in North America and over 5 Billion people worldwide.
As a verified platform, an individual user of Liquid Avatar can only have one account (with possibly multiple digital personas) which potentially reduces the ability for bad actors to create bots and fake accounts. Liquid Avatar users know that when they use and interact with other Liquid Avatar users, they are dealing with real, known people.
Liquid Avatar users are able to select from 1000's of combinations of facial features to create their perfect digital representations of themselves - all at no cost. Users can also visit the Liquid Avatar Marketplace (www.liquidavatarmarketplace.com) if they are interested in purchasing custom icons from leading pop-culture, anime, and comic book artists. In the future, users will also be able to upload certain personalized images and logos to represent their avatars.
See: Liquid Avatar Partners with The Campus Agency to Reach 2,000 US University and Colleges
KABN NA together with Liquid Avatar are already working with key partners like Vancouver-based Disrupted Logic Inc., which has access to millions of online gamers and Boston-based The Campus Agency that has relationships with over 2,000 US colleges and universities and their students, alumni, and families. Liquid Avatar also has agreements with Loop Insights Inc., TripXpertz and XTM Inc. to increase opportunities for integration and engagement and expects to add additional partnerships and distribution programs in the coming months.
While Liquid Avatar is free to consumers and KABN and Liquid Avatar never sells or rents data, the Company believes that verified, known users can create increased value for themselves and select marketers and vendors. Through the Liquid Avatar platform and approved, permission-based communications, Liquid Avatar will offer up value-based opportunities users can select. At the same time, Liquid Avatar partners who want to reach real, known users will be willing to provide increased value as they won't be spending money to reach fake users and bots.
"Self Sovereign Identity will become, in our opinion, a major pillar of the Internet, like communications, browsers, and search, making it universally applicable to everyone online," said David Lucatch, CEO KABN. "We are excited to bring Liquid Avatar to the online market, and unlike traditional business models, Liquid Avatar is focused squarely on individuals and consumer users, making it a Consumer-to-Business initiative."
KABN NA also has its KABN KASH rewards and loyalty program, with over 300 major online vendors, that will provide Liquid Avatar users with cash back incentives for purchases they make through KABN KASH. This program, together with the KABN Visa Card (initially available in Canada with the US and other regions under review), provides users with new and innovative ways to create and earn value.
See: PwC Report: Canadian Digital Trust Insights 2021: Cybersecurity comes of age
KABN NA will earn potential revenues through card transaction fees, comarketing, bounties, commissions, and other fees paid by partners and vendors. The Company believes that other consumer and revenue programs will emerge as Liquid Avatar gains traction in the market.
Liquid Avatar will launch in phases, as the Company prepares and tests additional service and program offerings to make it easier for users to become familiar with the Liquid Avatar platform, Self Sovereign Identity and Verifiable Credentials.
Interested individuals can sign up for Liquid Avatar and receive information and notices on upcoming releases and services by visiting www.liquidavatar.com
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