ZKard is an innovative solution in digital finance that merges the simplicity of prepaid cards with the privacy and security of blockchain technology. Using ZK Proofs (Zero Knowledge Proofs), ZKard enables users to transact without requiring KYC (Know Your Customer), eliminating the need to store and protect personal data. This significantly simplifies regulatory compliance for issuers and centers the product on privacy. Problem: Today, many individuals seek digital transaction methods that do not expose their identity or compromise their privacy. Additionally, companies face challenges in data protection, regulatory compliance, and the costs associated with managing sensitive information. ZKard addresses these issues by providing a secure and private alternative that does not require handling personal data. Solution: ZKard operates as a rechargeable prepaid card that can be used at any compatible point of sale (POS). Users simply purchase the card, load it with funds (in stablecoins like USDC), and use it for payments without needing any technical knowledge of cryptocurrencies. ZK technology ensures that transactions are conducted privately without exposing sensitive information or requiring the issuer to keep user records.
Technologies
- ZKSync leveraging all it benefits
- Acount Abstraction
- Paymasters