iDenfy and Coincurve Join Hands to Offer Virtual Currency Customers a Convenient KYC Compliance Process

iDenfy, one of the reputable identity verification companies of Lithuania, and Coincurve , a wholly-owned subsidiary of the Canadian publicly traded company, Interlapse Technologies Corp., form a partnership to help virtual currency investors get a frictionless experience when complying with the KYC process.

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Coincurve is a renowned Canada-based virtual currency platform allowing people to invest in Bitcoin in the simplest way possible. Starting with Canada, the company is planning to expand globally. With a few mouse clicks, an individual can buy or spend Bitcoin and Bitcoin Cash. Coincurve is non-custodial, which means coins are sent directly to the customer’s to their personal wallet. Moreover, people don’t need to sign up for an account.

Coincurve has strict compliance with KYC standards. iDenfy is helping them out to confirm the identity of its users through their advanced identity verification solutions. This partnership will improve Coincurve’s security for minimizing financial risk, detect fraudulent use of their platform and other financial crimes.

iDenfy, which has been offering its identity verification solutions to more than 100 global brands, is providing Coincurve with an automated identity verification solution that can identify 1300 types of identity documents from more than 200 countries. It will surely make the KYC compliance process easier for Coincurve. iDenfy will also check the government and Interpol databases to make sure a Bitcoin investor is legit to proceed with investment in the Coincurve platform. Since this entire procedure will be automatic, everything will happen in a blink of an eye.

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iDenfy’s AI-enabled, real-time identity verification solutions will enable Coincurve to enhance its customer on-boarding and verification experience. Moreover, it will boost Coincurve’s KYC standards.

Domantas Ciulde, the CEO of iDenfy, says, “We are happy that we’re contributing to Coincurve’s aim to offer people easy access to cryptocurrency, which is surely the next generation of finance. We are sure that our identity verification solution will help Coincurve expand internationally and provide a great experience to their customers.”

Wayne Chen, CEO of Interlapse Technologies Corp. added, “Our partnership with iDenfy amplifies our KYC standards for much safer virtual currency adoption. As we plan to expand Coincurve internationally, iDenfy provides a technology efficient platform that future proofs our service for verifying identifications from all over the world.”

Meeting KYC & AML regulation is significant for virtual currency platforms to offer their customers a safe investment experience, and with iDenfy’s identity verification solutions, Coincurve takes its security measures one step forward.