Carbon goal is to provide a platform where consumers, merchants and advertisers can coexist in a new, unique social environment. A platform helps to stimulate professional interactions, and seeks to increase the growth of cryptocurrency adoption through the use of built in tools on the Karbon platform. Karbon’s goal is to conceptualize the ‘visual social blockchain’, where all data happening on the Karbon platform is stored on the block chain, and visually displayed to the end-user through their news feeds, or profile pages.
For high risk transactions require card verification for unverified cards. A company will initiate payment on your card. If you go to your history of transactions (sometimes called statement) in your bank account, you should be able to see the verification code in the charge description if you click on the transaction. It will be a 4-digit number at the end. If you do not enter in your verification code within 10 minutes, your order will be cancelled and payment automatically refunded.
Carbon Key Information
|ICO start||26th Aug 2017|
|ICO end||23rd Sep 2017|
|Hard cap||1,880,321 USD|
|Price in ICO||0.0818 USD|
|Tokens for sale||23,000,000|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Carbon
What is Carbon?
Carbon or Carbon-12 Labs, is a fintech company based in Pacifica backed by tier-1 VCs. Carbon’s software and compliance stack allows people around the world to buy cryptocurrency seamlessly. A capital markets division brings traditional finance techniques to the nascent blockchain space. For access to tokenize and detokenize card data, including a certificate, password, and whitelisted IP address, among other things.
What makes Carbon unique?
Carbon has a robust anti-fraud stack and also has ominilayer payment solution. A company pride ourselves in having built an ecosystem of tools that you cannot find anywhere. They are the API for everything fiat and crypto related. Which comes with native support for Know-Your-Customer (KYC) verification and credit/debit card purchases of Telos, Bitcoin and EOS using Carbon’s Fiber API.
Carbon believe that money is a fundamental human right, and not a luxury reserved for the few. At Carbon, They are building tools and infrastructure to support the evolution of money, wherever it touches society. Fiber, a flagship product, aims to reduce the friction between using fiat money and cryptographically derived value. Features within Fiber allow developers to abstract trading cryptocurrency into an easy-to-use endpoint and application.
Carbon to Support the Telos Blockchain Network
Carbon company dedicated to making the global economy more efficient and inclusive, is pleased to announce that they will support Telos, a new blockchain network. Carbon, a fintech company in New York City focused on developing user-friendly payment solutions for the blockchain industry, is pleased to launch the first FDIC-insured fiat-backed. Today, Sqrl Wallet announced the release of version 1.1
How does Carbon keep my credit card details safe and secure?
Carbon keeps your credit card details safe and secure by mainly relying on a third-party, PCI-complaint data security provider called Very Good Security (VGS). VGS tokenizes and detokenizes credit card data for us. Tokenization involves substituting sensitive information like credit card numbers with non-sensitive identifiers. Detokenization is the reverse process. VGS has a secure data vault for your card data and they need a host of credentials.
Even if your tokenized data is stolen, the thief would need suite of VGS security credentials to detokenize and make any use of your card for fraudulent payments. And you do not have to provide any personal details to make a purchase apart from certain account data behind your card, such as the billing postal code and billing address. This data is handled in a similar way as the rest of your credit card data for security purposes.
What is the value of card verification?
3DS authentication can be optionally enforced by your bank. So if a fraudster steals your card and your bank bypasses 3DS authentication because it does not determine a threat, then the card can be used for fraudulent payment. Carbon card verification process forces users to prove ownership of their bank account by logging into their account and reading a verification code from the charge descriptions from their transaction history.
Fraud is rampant in crypto and they have found enforcing verification charges for certain high-risk transactions to dramatically reduce fraud and better protect the security and peace of mind of company users. the country in which your bank is based does not allow cryptocurrency purchase via payment card (China is one example), or your bank suspects fraud.
Did you decline the transaction?
If you receive the above error message, Carbon did not decline the transaction. Your bank did. There are various reasons your bank may have declined the transaction. Some of the most common are: your card type is restricted from buying cryptocurrency (very likely applies for gift cards or prepaid cards and sometimes reloadable cards), your bank rejects all purchases of cryptocurrency outright (applies for certain neobanks such as Revolut).
Carbon found the last reason is the most common as we are a foreign merchant selling cryptocurrency–you can usually call your bank to clear future transactions with a merchant. Unfortunately, the rules for why banks decline transactions vary from bank to bank and country to country across the world and change by the week. The best bet is to call or otherwise contact the bank behind the card to inquire, although they’re always happy to help however.
Lastly, credit cards are more likely to be initially rejected by a users’ banks than debit cards because of greater risk of fraud. so trying your debit card if your credit card does not work is a great way to increase the probability of your transaction going through. None of what was said above applies for account checks (such as Incorrect CVC, Billing Premise / Street Number, or Postal Code).