By: Husam Yaghi
Financial Inclusion with Sugi Card from Sofitto
Financial inclusion is a hot topic nowadays and it should be as the number of excluded adults is over 2 billion. That’s a huge loss to businesses to say the least. Sofitto created a solution to help reach those unbanked and to give individuals and businesses access to useful and affordable financial products and services delivered in a responsible and sustainable way.
As a socially responsible company, Sofitto provides tools for financial access to facilitate day-to-day living, and to help families and businesses plan for everything from long-term goals to unexpected emergencies.
Sugi Card from Sofitto makes use of bank-grade security features and complies with the strictest security regulations in the EU. It is virus and malware-proof, and the user’s private keys are kept offline. The Sugi’s NFC security chip comes PIN-protected, adding a new layer of protection to the crypto assets stored in Sugi. Through the Sugi mobile app, you can set limits to transactions, and to execute them, enter your PIN and tap the card to your phone.
Even in the case of loss or theft of the card, the assets are safe.
The Sugi Card is paired with a mobile app, to improve the user experience and make real-life purchases with crypto an everyday task. Through the app, the user can check balance, transfer crypto funds, and overview past transactions.
To increase the usability; peer-to-peer crypto transactions are supported and the Sugi card be used on POS terminals or using the Sugi mobile app to make a payment by simply scanning a QR code or via a URL link.
Both Dr. Husam Yaghi – CEO of Ateon, and his partner, Dr. Alexander Vasylchenko – CEO of Sofitto, pitch their innovative blockchain solutions to the Saudi Central Bank, the Lebanese Central Bank, and the Jordan Central Bank. Unfortunately, they were ahead of the game and the market was not ready for the challenge.