Saifu: Enabling the Transition to a Digital Economy
Getting new users into the digital currency space is one of the biggest problems faced by the community at large today. Most new investors don’t know what they’re getting into, but Saifu is looking to streamline this process.
On-Ramping New Users
Bitcoin and cryptocurrencies are becoming more popular by the day, as is made evident by the increasing number of users across networks and mainstreaming in the form of futures trading and hedge funds. While this is a very good thing for adoption, cryptocurrencies are still in their infancy. Most people don’t know a lot of important information needed to stay safe in this incredibly volatile market.
When buying Bitcoin, most people need to find a reputable exchange, submit their banking or debit card information, then find a proper wallet to secure their new investment. This can be more than overwhelming for someone getting into the space for the first time, and even possibly turn them off from crypto completely. As more and more people come into the market, we’ll see an even wider range of crypto and computer literacy. We need tools that can lower the barrier of entry, so the idea of a worldwide decentralized currency may one day be realized.
The Easiest and Most Secure Way to Integrate Cryptocurrencies
Saifu provides an avenue for people accustomed to traditional fiat currencies to get into crypto. On the most general level, Saifu offers many services normally offered by banking services. While many people involved in crypto get a bad taste in their mouth when banks are mentioned, the services they provide are essential to any well-functioning economy. And Saifu is not a bank; it’s a licensed payment institution, which allows it to provide the basic services necessary to make using cryptocurrencies part of everyday life.
Saifu is built using modern tools that are already familiar to anyone that banks online. From the platform, users will be able to send and receive payments in any currency of their choosing. It allows for seamless trading between crypto and fiat, along with the ability to load a debit card with digital assets to spend them in the real world.
A Safety-First Model
Saifu’s main goal is to bring safe, secure cryptocurrency operations to a wider audience, making it easily accessible and most importantly usable for average people. The team has been working with national regulators to ensure that their platform is in compliance with KYC and AML laws all over the world. This is not a requirement for the project, but the team has decided to go this route to instill trust in the project. The hope is that with these precautions put in place, people will trust the project with their financial assets.
The co-founder and current CTO of Saifu, Evgeny Vigovsky, has over fifteen years of experience in IT security, including several years with cyber security giant Kaspersky Lab, where he served as head of their DDoS protection team. In addition, they’ve teamed up with Thales, the current leader in online banking security, develop a hardware and software hybrid approach to protecting users’ cryptographic private keys with bank-grade security. Regular external audits keep the system honest and ensure that no funny business is going on behind the scenes
Saifu has launched an ICO to raise the funds needed to bring this ambitious concept to fruition. Already in progress, the token sale will continue for the rest of this month and end in mid-April. The sale is open to everyone and investing before February 18th will net you a 5% token bonus. The initial price set by the Saifu team is 1 token = 0.0001 BTC. Open trading it set to launch as soon as the token sale ends.
Online registration to participate in the open beta is already available at on Saifu’s website here. For more information about Saifu, please visit saifu.ai, and information about the token sale can be found at ico.saifu.ai.
How will Saifu’s platform benefit cryptocurrency traders? Do you think it will have more impact on new or experienced traders? Let us know in the comments below.
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