CoinCola, a widespread bitcoin and crypto change, introduced at this time it has launched a brand new KYC (Know Your Buyer) system from Onfido, an id verification, and fraud prevention know-how firm.
The brand new CoinCola KYC system allows a easy and environment friendly id 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 id doc, comparable to passport, nationwide ID card, and many others.
Utilizing guide and synthetic intelligence (AI)-powered id verification, Onfido’s authentication companies confirm paperwork and do selfie checks to stop fraud.
Presently, CoinCola has a simple account tier construction.
For retail customers, the quantity restrict is $1,000 USD if an account just isn’t verified, as soon as an account is verified there is no such thing as a restrict on an account.
Service provider customers should full id verification.