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Priv8 is at the forefront of making cryptocurrency secure and easy to use, bringing forward automatic conversion to fiat currency and transactions.
The Priv8 platform stores all of your transactions on the blockchain, and you (and only you) control the encryption. You control what transactions you might want to share with vendors to receive loyalty perks.
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Priv8 simplifies cryptocurrency payments by seamlessly integrating the most complex aspects of crypto transactions into an intuitive, user-friendly experience. Here’s how:
1.Buying Crypto Made Easy:
Priv8 allows users to purchase cryptocurrency across multiple blockchain networks directly within the app. By connecting to a variety of exchanges and wallets, Priv8 ensures users can access their preferred digital assets without needing to navigate multiple platforms.
2.Effortless Payment Processing:
Paying at Priv8-enabled merchants is as simple as scanning a guest check or QR code. The app instantly calculates the amount due in the user’s selected cryptocurrency, providing a frictionless checkout experience.
3.Built-In Compliance with KYC and AML:
Priv8 leverages Trulioo’s advanced identity verification technology to automate Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This ensures compliance with regulatory standards while keeping onboarding quick and painless for users and merchants.
4.User-Controlled Encryption:
Users retain full control over their personal and transaction data with powerful encryption tools built into the app. This privacy-first approach secures sensitive information, ensuring it is accessible only to the user, while also maintaining transparency for regulatory purposes.
5.Reduced Processing Costs:
By harnessing the efficiency of blockchain networks, Priv8 significantly reduces payment processing fees compared to traditional credit card systems. These savings benefit both users and merchants, creating a more sustainable and cost-effective payment ecosystem.
The Result? Priv8 combines the privacy and security of cryptocurrency with the ease of modern payment platforms, giving you the best of both worlds—advanced encryption, compliance, and cost savings—all with just a few taps.