Yubo has introduced a new way to verify an age from its technology. Yubo is a platform that allows users to make purchases and achieve rewards in exchange for their social media activity. With their app, they now can use their phone’s camera to take the face of the person around them and verify their age even without asking for ID, which could lead to more trust than other verification methods.
“You’re probably familiar with facial recognition technology in smartphones. Thanks to the camera and our retinal scan system, users can verify their age in two steps,” said Mr. Hye-Seong Han, Chief Operating Officer of Yubo. “It’s a privacy-centric feature that protects user identity and ensures trust on Yubo. We are using the same technology for two-step verification for our site users.”
It will start testing this feature during their public image verification period from April 11th to April 12th.
it currently has over 25 million registered users. The company is based in South Korea and was founded in May 2013. it is the world’s first fintech company to use facial recognition technology on the web. it provides innovative solutions that simplify and optimize shopping on the internet. it solutions leverage consumer spending data, including age, gender, etc. from smartphones and other devices to create an enjoyable, personal and secure shopping experience. Founded in May 2013, it is headquartered in Seoul with R&D teams in the USA, Indonesia and China. it has over 25 million registered users.
it was founded by Yong-min Park and Hyeong-seong Han in 2013. In June 2016, it completed a $50 million Series C funding round led by Goldman Sachs, bringing its total funding to date to $100 million.
In February 2017,itb announced the successful acquisition of China’s largest personal shopping platform Maimaicha for $6.5 million with the mission of improving Chinese consumers’ fashion shopping experience.