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CoinCola, a preferred bitcoin and crypto alternate, introduced immediately it has launched a brand new KYC (Know Your Buyer) system from Onfido, an identification verification, and fraud prevention expertise firm.
The brand new CoinCola KYC system allows 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, comparable to passport, nationwide ID card, and many others.
Utilizing guide and synthetic intelligence (AI)-powered identification verification, Onfido’s authentication companies confirm paperwork and do selfie checks to forestall fraud.
Presently, CoinCola has a simple account tier construction.
For retail customers, the quantity restrict is $1,000 USD if an account shouldn’t be verified, as soon as an account is verified there isn’t any restrict on an account.
Service provider customers should full identification verification.
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