How they describe themselves: BanQu is the only provider of global economic identities empowering and enabling people living in poor or depressed economic situations to join, participate in, and grow with the global economy.
How they describe their product/innovation: The BanQu App is a blockchain based identity platform that enables a secure and immutable solution that redefines financial inclusion by enabling economic opportunities for people living in extreme poverty. The BanQu platform uses a proprietary method of identification using a mashup of selfies and other personally identifying information to create an “Economic Identity”. This Economic Identity enables many approaches to allow networks of family and other relationships to participate in the global economy.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed