Vladislav Sopov

Blockpass, a pioneering on-chain KYC provider, has shared the details of its partnership with Qtum (QTUM) blockchain

Contents

  • Qtum (QTUM) inks partnership with Blockpass
  • Subsidies campaign has been launched by Qtum (QTUM)

Launched in 2016, Qtum (QTUM) is one of the earliest mainstream blockchains. It merges the benefits of the Bitcoin-like UTXO model with the support of multiple virtual machines, including Ethereum’s EVM. Today, Feb. 16, 2021, it announces its partnership with Blockpass, a pioneering on-chain KYC (know-your-customer) services provider.

Qtum (QTUM) inks partnership with Blockpass

According to the press release shared with U.Today, both teams will be working on the progress of on-chain verification solutions within the Qtum (QTUM) blockchain ecosystem.

Read Also:   Bitcoin's compound annual growth is 'an unheard-of' 200% CAGR

Blockpass, the “early bird” of on-chain KYC instruments, is focused on building “one-for-many” identity verification gateways to allow using a single KYC profile for multiple blockchain services. This, in turn, opens access for Blockpass customers to tokensales or services within regulated industries.

Adam Vaziri, the CEO of Blockpass, stressed the importance of the Qtum (QTUM) community for the expansion of his project’s userbase and the high standards of KYC compliance:

Facilitating fast, simple and efficient regulatory compliance on Qtum creates more opportunities for everyone, and spreads the phenomenon of On-chain KYC to an even wider audience.

Also, he underscored the innovative nature of Qtum (QTUM) blockchain, which is one more advantage when it comes to technological progress and massive adoption.

Read Also:   Following delisting, Dash pushes back against 'privacy coin' label

Subsidies campaign has been launched by Qtum (QTUM)

As part of a newly disclosed partnership, Qtum (QTUM) will also offer subsidies to specific members interested in KYC assistance by Blockpass. Meanwhile, Blockpass itself offers a 90 percent discount on its services in these unprecedented times.

The crucial importance of KYC compliance for decentralized projects was highlighted by Qtum (QTUM) administration. Its cofounder, Jordan Earls, is certain that technology and regulatory compliance should go hand in hand:

On-chain KYC will become a critical component for numerous protocols on the decentralized web. Rather than hinder innovators who are seeking to stay compliant while enabling new technologies, the Qtum Foundation would like to support those builders by backing Blockpass’ expansion to the Qtum blockchain.

He also explained that Blockpass was chosen for this partnership due to its amazing costs and the ability to reduce the pressure on the blockchain by including only “non-sensitive” pieces of information.

Read Also:   Treasury Secretary Yellen cites misuse of cryptos to highlight 'explosion of risk'


Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


Blockchain Veterans Qtum (QTUM) to Upgrade Regulatory Compliance with Blockpass Partnership

by Alex Dovbnya
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format