Daniel from Improve Press
CoinCola, a preferred bitcoin and crypto change, introduced immediately it has launched a brand new KYC (Know Your Buyer) system from Onfido, an identification verification, and fraud prevention know-how firm.
At present, CoinCola has an easy account tier construction:
- For retail customers, the amount restrict is $1,000 USD if an account shouldn’t be verified, as soon as an account is verified there is no such thing as a restrict on an account.
- All service provider customers should full identification verification.
The brand new CoinCola KYC system permits a easy and environment friendly identification verification course of.
Customers simply log into the CoinCola app to seize and add their ID paperwork in good lighting.
Onfido’s KYC know-how then makes use of it to check and cross-reference the consumer’s facial biometric with the identification doc, similar to passport, nationwide ID card, and many others.
Utilizing handbook and synthetic intelligence (AI)-powered identification verification, Onfido’s authentication providers confirm paperwork and do selfie checks to stop fraud.
