Blockpass Provides KYC Services for Trading Firm Blitz Network
Crypto Guide
Live News

Keeping up with all the cryptocurrency news and updates is not an easy task, but we are up to the challenge! This way we can help our readers to keep track of changes in these fast growing currencies. Just like our site, lambo2btc.com is willing to face this challenge and on their site, they compile the features, key elements, and recent news involving bitcoin casino sites and which are the best to try!

Blockpass Provides KYC Services for Trading Firm Blitz Network

January 12, 2021      Jafrin Ahmed

Blockpass has announced a partnership with Blitz Network, a proprietary trading firm that focuses on OTC servicing. As part of the partnership, Blockpass will provide KYC solutions for Blitz Network’s high volume users. In addition to the KYC provisions, Blitz Network has made a strategic investment in Blockpass.

Blockpass Provides KYC Services for Blitz Network

Blockpass is a KYC & AML SaaS solution for crypto, Defi, and other regulated industries that requires no integration and setup cost. One can set up service within minutes. Users can also test the service for free.

Through the Blockpass App users can create, store, and manage a data-secure digital identity, which can be later accessed for token purchasing and accessing other regulated industries. The app is available both in Google Play and App store.

READ  Nigma Develops Blockchain Forensic Tool With AIT

Its Blockpass’ KYC Connect (TM) platform enables businesses to select requirements for customer onboarding that includes ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, etc.

In the announcement release, Adam Vaziri, CEO of Blockpass stated:

“We look forward to working with Blitz to enable KYC and regulatory compliance in this critical category for compliance.”

Over the years, Blockpass has gained significant popularity as its identity verification solution has been used mainly in ICOs, STOs, and IEOs.

Blitz Network Requires Compulsory KYC in Its Platform

Since 2012, Blitz Network has been helping high net worth individuals to buy and sell cryptocurrencies. As part of the trading requirements, users need to undergo compulsory KYC requirements and other additional checks as required.

In the announcement release, the Blitz management team stated:

READ  Moody: Dubai’s Banks Consortium Credit Positive For The Banks In UAE

“We also like to provide a comprehensive service so we can tailor-make solutions. And we prefer to hide the grunt work so our customers just see clean results. Blockpass does all of the above, and will prove to be a synergistic partner of ours for years to come.”

The trading platform currently supports BCH, BTC, ETH, and EOS, and a $50,000 requirement for OTC trading. The platform also offers assistance with crypto-friendly banking, updates with Blitz Metrics analysis, including financial tools for miners.

#AML #Blitz Network #Blockchain KYC #Blockpass #Digital Identity Verification #KYC
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.