Introducing Reklaim 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) - Reklaim Ltd. (TSXV: MYID) (OTCQB: MYIDF), a global leader in data and consumer privacy, today launches the "Reklaim 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 Reklaim account. This innovation is the latest step in Reklaim'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, Reklaim 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 Reklaim'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 Reklaim 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 Reklaim. The Reklaim 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. Reklaim 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 Reklaim. We would welcome any opportunity where Reklaim 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 Reklaim Paycheck, visit https://www.reklaimyours.com/how-to-earn
To read Business Insider's coverage of the Reklaim Paycheck, click here.
About Reklaim Ltd
Reklaim Ltd. (TSXV: MYID, OTCQB: MYIDF/MYIDD) 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.
Reklaim is currently available online or via iOS or Android in five countries (US, Canada, Singapore,
Australia, and New Zealand). Reklaim pays users automatically every week a cash Data DividendTM for the use of their data, making Reklaim the only company in the world that is rewarding users for the purchase of their data.
Reklaim is also the creator of uaretheproduct.io, a consumer-facing website that allows consumers to determine their data's value broken out by individual platforms.
Download Reklaim here.
For more information, please visit Reklaim.
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