Killi Paycheck Introduces Universal Basic Income (“UBI”) Through Weekly Paycheck, Compensating Consumers for Personal Data
Data privacy champion puts money back into consumers’ pockets weekly through direct payments
New York, New York–(Newsfile Corp. – November 18, 2020) – Killi Ltd. (TSXV: MYID) (OTCQB: MYIDF), a global leader in data and consumer privacy, today launches the “Killi Paycheck,” a new weekly payment that executes upon the concept of Universal Basic Income by paying users directly in the form of cash for the use of their data. This new offering, a market first, allows users to share various amounts of personal data and receive a guaranteed weekly payment in cash, automatically deposited into their Killi account. This innovation is the latest step in Killi’s ongoing mission to lead the consumer revolution of including consumers in the compensation of how their data is bought and sold.
Through this first-of-its-kind Paycheck, Killi users can choose between three tiers of payment (Intermediate $1, Pro $2, and Elite $3) based on the amount of information they share. It is important to note that Killi’s Paycheck does not preclude users from making additional money through bonus payments, research studies, referrals, or other active modules currently available in the product. Instead, the Killi Paycheck’s introduction sets the floor of monthly earnings for users while providing transparency and guarantees on income potential.
“The conversation around the use of consumer data by Big Tech has reached a boiling point in 2020, as anti-trust, legal and privacy concerns continue to grow in prominence,” said Neil Sweeney, CEO, and Founder of Killi. The Killi Paycheck supports a concept introduced by California Governor Gavin Newsom last year, who proposed “a new data dividend” that would allow California residents to get paid for providing access to their data. This initiative was echoed by former presidential candidate Andrew Yang‘s Universal Basic Income (UBI) proposal, which would provide Americans with monthly payments from technology companies such as Google, Facebook, and others. Killi is playing a central role in this movement by being the company that is doing what Governor Newsom and Andrew Yang have long promoted – paying consumers for their data. Sweeney added, “We think what Governor Newsom and Andrew Yang are doing is directly aligned with Killi. We would welcome any opportunity where Killi can assist these leaders in providing their organizations with the technology and universal payment rail that we have established to pay users for their data to help their cause.”
To learn more about the Killi Paycheck, visit https://killi.io/earn/
To read Business Insider’s coverage of the Killi Paycheck, click here.
Killi is a consumer privacy ecosystem that allows consumers to take back control of their consumer data from those who have been collecting it and selling it unbeknownst to them.
Killi is currently available online or via iOS or Android in five countries (US, Canada, Singapore, Australia, and New Zealand). Killi pays users automatically every week a cash Data DividendTM for the use of their data, making Killi the only company in the world that is fairly compensating users for the purchase of their data.
Killi is also the creator of uaretheproduct.io, a consumer-facing website that allows consumers to determine their data’s value broken out by individual platform.
Download Killi here.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Elinesky, CFO
Forward-Looking and Other Cautionary Statements
This news release may contain “forward-looking statements” within the meaning of applicable securities laws, including, but not limited to, the Company’s strategic plans for the rest of 2020. Forward-looking statements may generally be identified by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” “target,” or “continue” and variations or similar expressions. These statements are based upon the current expectations and beliefs of management. They are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to: timing and/or amounts with regards to the weekly payments to users may change; the uncertainty surrounding the spread of COVID-19 and the impact it will have on the Company’s operations and economic activity in general; and the risks and uncertainties discussed in our most recent annual and quarterly reports filed with the Canadian securities regulators and available on the Company’s profile on SEDAR at www.sedar.com, which risks and uncertainties are incorporated herein by reference. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company does not intend and undertakes no obligation to update any forward-looking statements to reflect, in particular, new information or future events.
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