The financial sector records millions of fraudulent transactions every year, and most of the victims are common people who own debit and credit cards. Skimming devices are being used to copy information, and card owners will be surprised at the amount that they would have to pay thanks to the criminals who are stealing their financial information.
These fraudulent transactions are commonplace these days, but Serge Belamant – the founder and the current head of Net1 Technologies – is confident that this flawed security in the financial sector will finally be resolved thanks to the blockchain debit cards that his company developed. After the announcement of his company’s newest invention, many investors started putting their money on the company, greatly increasing their company value and stock prices. Serge Belamant is excited to see how the blockchain debit card would change the world of banking and finances, and he is expecting that millions around the world will start switching to this new type of banking option.
Serge Belamant stated that the banking revolution has begun, and through Net1 Technologies, a futuristic approach in banking could slowly be applied to help the society adapt. The patent for the blockchain debit card was filed by Net1 Technologies decades ago, but they only had the time to develop a real-life counterpart after they finished their research studies about the possibility of developing the product using the available technologies. Serge Belamant added that the blockchain debit card is not restricted to debiting purposes, and users of this technology can do more transactions and processes.
In the present, the technology works perfectly with EMV, and the security provided by the blockchain debit card is satisfactory. Serge Belamant is a supporter of technological advancement in the financial sector, and he stated that one of the reasons why his company created the blockchain debit card is to minimize the number of fraudulent incidents that victimizes a lot of innocent people. He wanted to curb the statistics on the number of people who have lost considerable amounts of fortune to criminals, and he is hoping that the blockchain debit card would be the ultimate answer to this problem.
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