Humaniq (HMQ) Price

Humaniq (HMQ) is a blockchain-based project that operates on the Ethereum blockchain and is on a mission to provide financial services and identity solutions for people in the developing world, especially those who do not have access to traditional banking systems. HMQ aspires to create an open-source platform that can enable financial inclusion for over 2 billion people around the world who are currently unbanked.

HMQ uses smart contracts to enable Peer-to-Peer transfers, micro-lending, and remittances between users without requiring intermediaries or middlemen. With this technology, HMQ hopes to create seamless and low-cost financial transactions between users in different parts of the world.

Humaniq functions by using biometric identification technology as a secure way of authentication. Users can sign up for an account through their mobile devices by taking a photo of themselves along with other identification documents like driving license, passport or national ID cards. This will help to create additional security layers preventing fraudulent activities/misuse of accounts.

By eliminating intermediaries such as banks and third-party service providers from their ecosystem, HMQ has positioned itself as an ideal solution for individuals seeking low-cost, fast and reliable ways to transfer funds across borders.

Although still relatively small compared to major cryptocurrencies like Bitcoin (BTC) & Ethereum (ETH), HMQ has gained increased attention lately due to its unique approach towards addressing some of the developmental challenges faced in various unbanked regions – offering secure & efficient avenues of transacting without relying on traditional financial institutions.