Banking systems are too closed and the Blockchain is mostly ignored by the banks. This erects unnecessary barriers to people transferring and creating value as consumers and as entrepreneurs
LONDON (PRWEB UK) 21 December 2017
The two Fintech innovators today announce the signing of a memorandum of understanding that will allow them to further their shared goal of making banking easier and more accessible, and putting people at its heart.
Manigo is integrating payments made through mobile banking and crypto-wallets and those made by banking cards with one seamless interface to make payments and transfers simpler and smoother across Europe. Humaniq is providing the unbanked with identification and currency to open up payments and transfers in the Global South, powered by biometric and Blockchain technologies.
Our companies share a belief in people-centred, open online ecosystems where a range of new services can be offered to members of our communities.
Manigo was established to tackle the niche thinking in the Fintech sector that forces people to use multiple apps simply to manage their money and to take part in the economy and society. Humaniq launched to use the Hybrid blockchain solution to help offer new services such as lending and insurance to those currently shut out of traditional banking across the globe, available in countries from Senegal to Tanzania. Both will allow a new peer-to peer economy to flourish through an open architecture that makes buying and selling easier for everybody, by opening up new ways of paying.
"Banking systems are too closed and the Blockchain is mostly ignored by the banks. This erects unnecessary barriers to people transferring and creating value as consumers and as entrepreneurs," commented Stevan Bajic, the CEO of Manigo.
"Humaniq and Manigo can together oil the wheels of the expanding digital economy that is the future for people around the globe," he said.
"A global push for mobile banking has not succeeded in including everybody in the 21st Century economy," commented Alex Fork, the CEO of Humaniq.
"We need a more attractive offer for all those people who are not served by the traditional banks and so are unable to make transactions with those outside their immediate locality,” he added. “We need to open up that access so they can access new opportunities and can progress.”
The partnership will put the Manigo digital money platform and the Humaniq crypto-currency coin into the hands of even more people, who will have new options to save, earn, buy and sell, transfer and collaborate. The Manigo platform can be integrated into company websites and so open up more and more outlets for Humaniq coin holders, further increasing its utility. And the Humaniq coin, with a market capitalisation of approaching $70m, will in turn fuel and strengthen the Manigo offer.