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Killi introduces UBI-inspired weekly payment options for users' data

The offering allows users to share various amounts of personal data and receive a guaranteed weekly payment in cash

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The Killi Paycheck is part of the company's mission to include consumers in the compensation of how their data is bought and sold

Killi Ltd (CVE:MYID) (OTCQB:MYIDF) has launched what it calls the Killi Paycheck, a weekly payment based on the concept of Universal Basic Income (UBI) by paying users directly in cash for their data. 

The offering, which Killi calls 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. 

The Killi Paycheck is part of the company's mission to include consumers in the compensation of how their data is bought and sold.

READ: Killi gets $1.5 million treasury boost after certain holders exercise warrants and purchase 30 million common shares

Killi users will be able to choose between three tiers of payment (Intermediate $1, Pro $2, and Elite $3) based on the amount of information they share. The paycheck does not preclude users from making additional money through bonus payments, research studies, referrals, or other active modules currently available in the product, the company said. 

Instead, the Killi Paycheck provides user with a floor of monthly earnings while also offering 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 antitrust, legal and privacy concerns continue to grow in prominence," CEO Neil Sweeney said in a statement. 

The Killi Paycheck supports a concept introduced by California Governor Gavin Newsom last year, who proposed "a new data dividend" that would allow residents to get paid for providing access to their data. This sentiment was echoed by former presidential candidate Andrew Yang's UBI proposal, which would provide Americans with monthly payments from technology companies such as Google, Facebook, and others. 

"We think what Governor Newsom and Andrew Yang are doing is directly aligned with Killi," Sweeney said. "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."

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Killi Ltd

Price: 0.14 CAD

TSX-V:MYID
Market: TSX-V
Market Cap: $40.39 m
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