Compliance service specialist iSignthis and leading blockchain payments provider Coinify have launched a new product connecting blockchain payments and know-your-customer identity services that allow instant bitcoin purchases on the Coinify platform.
The service will support majority of credit card types and open the option to use the Coinify trade platform internationally.
Critically, identity will be able to be linked by end users to transactions, in order to meet anti-money laundering and counter-terrorism financing regulations for customer due diligence and for KYC requirements.
John Karantzis, CEO and managing director of iSignthis, said: “We are delighted to be working with Coinify on such a significant application of the blockchain.
“Coinify are the only blockchain currency company we have chosen to work with, as commercial development of the application requires cooperation across a number of areas. Coinify brings a solid understanding of the KYC requirements to bring digital currency to industry at large, employed on the highest standards, together with a very effective anti-money laundering programme.”
