As a crypto investor, do you often find it very hard to keep track of your many coins and investments? Wouldn’t you like a way to see all your holdings easily, and buy and sell different coins with the click of a button? Here’s how Saifu could help.
Saifu – Taking Cryptocurrencies Mainstream
Wallets, private keys, accounts, addresses; most of us have gone through all that before. Securing and keeping track of all of our crypto holdings can seem daunting at times. Setting up different wallets for different coins can be exhausting even for the veterans in the field – having to download and install a new piece of software every time you make a new investment isn’t exactly convenient. Fortunately, a new service called Saifu could change this.
Saifu makes using cryptocurrencies together with regular currencies accessible, easy and secure for a wide audience of non-tech savvy people and businesses. For those that are familiar with online banking, Saifu will seem no different; it is an online and mobile banking platform that allows users to buy and sell cryptocurrencies without going through any hassle of setting up wallets.
However, Saifu isn’t limited to just that – users will also have the ability to open IBAN bank accounts for both traditional fiat currencies and cryptocurrencies. They will also be able to issue debit cards linked to cryptocurrencies for their customers; a very handy feature, considering that most bitcoin debit cards were shut down a few weeks ago.
Your Coins are Safe with Saifu
Instead of forcing users to secure their coins using cold storage and hardware wallets, Saifu makes the process much simpler for the end user. Saifu uses a combination of hardware and software technologies to deliver multi-layered security to protect each customer’s account. They have partnered with Thales – the world leader in banking security technologies – to secure customers’ funds. Each account has an access key that is stored within the Thales Hardware Security Module, meaning that it cannot be stolen by hackers.
Saifu is also a fully regulated financial institution, so there is little to no risk of them collapsing in a fashion similar to Mt Gox. Their day-to-day operations are frequently audited by one of the world’s largest accountancy firms, and they are fully compliant with regulators by adhering to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures.
Saifu Token Initial Coin Offering
Launched on January 15, 2018, the Saifu Token Initial Coin Offering (ICO) is currently ongoing and will continue through March 11, 2018. Saifu hopes to use this ICO as a means to raise funds for marketing and operational development to grow their business.
The token plays a vital part in the platform, seeing as all transaction fees and exchange fees will be paid in Saifu Tokens, creating a natural demand for them. The tokens will also act as an incentive for users to participate in the Saifu loyalty program, which will reward users based on the amount of Saifu Tokens they hold in their account.
Bitcoinist has just learned that, in addition to the loyalty program, users of the platform will receive a discount for making payments using the Saifu tokens in their account.
The initial coin offering is currently being held at a rate of 0.0001 BTC per token. Trading of the token is expected to commence within a few weeks, if not days, of the conclusion of the ICO.
What do you think of Saifu’s concept? How do you currently keep track of multiple cryptocurrency investments? Let us know in the comments below.
Images courtesy of Saifu