KYC.Crypto Launches Single, Global KYC Sharing and Payment Solution

The service will help curb money laundering, allowing for faster, cheaper and secure KYC clearances for all crypto partners.

July 23, 2020 —

[July 22, 2020] – Since the beginning of the Bitcoin revolution, the crypto community has been beset with many problems, such as money laundering, scams and fraud by unknown identities. What’s urgently required is a better KYC clearance platform to address these issues. KYC.Crypto is pleased to announce its official launch, offering the first-of-its-kind, decentralized KYC sharing and payment service with government involvement.

Everyone knows that no one really knows where the crypto money is going. This has caused money laundering to flourish, causing colossal losses between 2-5% of GDP. Governments really do not have any control over these money transfers and are thus shy of adopting cryptocurrencies. In addition, there is hacking in exchanges, and with a myriad KYC agencies involved, the process of identity validation is cumbersome, time consuming and costly.

KYC.Crypto offers a KYC sharing solution to all of these problems. A single, global KYC is all that is needed to operate on any exchange by simply sharing the KYC with any partner who needs to confirm the user’s identity. In brief, with KYC.Crypto:

100% decentralized KYC
All exchanges at one place, all KYC regulated
No coin transfers without an “active KYC”, thus no money laundering
Government control through KYC norms of the area or country
Complete confidentiality of user information ensured by blockchain and IPFS

For digital payment solutions, KYC.Crypto offers a fast, reliable, no-third-party involved KYC process. Around $500 billion are spent each year in merely verifying user identities in the digital payment solutions industry, and the time consumed is 1.5 days / week. Faster KYC will unlock tremendous value in this market, with digital payment users projected to grow to 4.4 billion by 2023, and the market size foreseen at $6.6 trillion.

The DeFi KYC solution offered will interconnect with the entire crypto ecosystem. This involves exchanges, company registries, banks, credit rating agencies, tax authorities, judicial bodies, etc. The solution serves B2C, B2B and B2G (business to government) services. For customers, it means a fast, hassle-free way to trade and transfer cryptocurrencies. For businesses, cheap KYC approvals and no personal data risk. For governments, there will finally be a control over crypto payments and transfers.

“Our initial plan is to target the existing 25 million crypto users and followers globally. Then there are the digital payment users numbering around 3.7 billion who will love the ease and simplicity of having just one globally saved KYC for all their needs,” says Tobias Graf, Founder, KYC.Crypto.

KYC.Crypto offers several packages with Partner discounts available. The platform can be tested at: https://kyc-crypto.com/

The team at KYC.Crypto comprises over 15 developers and an in-house marketing team, with a combined 50 years of development experience. Tobias Graf has conceptualized and led several companies in the financial sector for over ten years with great success.

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If you would like more information about this topic, please contact:
Tobias Graf
Email: support@kyc-crypto.com

Contact Info:
Name: Tobias Graf
Email: Send Email
Organization: KYC.Crypto
Website: https://www.kyc-crypto.com

Release ID: 88969713