CoinCola, a well-liked bitcoin and crypto alternate, introduced in the present day it has launched a brand new KYC (Know Your Buyer) system from Onfido, an identification verification, and fraud prevention expertise firm.
At the moment, 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 isn’t 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 expertise then makes use of it to match and cross-reference the person’s facial biometric with the identification doc, resembling 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.
