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.
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:
“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.
