Blockchain payment service for underbanked in Africa adds facial recognition

The Advanced Project will soon add a facial recognition payment system to their TIER app in Africa, a blockchain-based multinational payment and remittance service for the unbanked, according to a release.

Blockchain is known for its security and decentralized architecture which ensures that financial transactions are transparent and reliable, the release claims.

Facial recognition and liveness detection will be used for fraud protection, but also to identify customers’ financial patterns and preferences to provide them with individualized services. It enables …

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