Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Prove, a phone-focused provider of identity-verification solutions, announced today a partnership with a major crypto exchange with Binance.US. The partnership will see Prove’s technology being integrated into Binance.US’s user verification and onboarding processes.
“At Binance.US, our goal is to democratize access to digital asset ownership and facilitate simple and safe participation in cryptocurrency markets for all Americans. We selected Prove to help us achieve this goal after a rigorous evaluation and proof-of-concept test demonstrating Prove’s superior pass rates and ability to deliver seamless customer experiences,” said Graham Kahr, Head of Marketing at Binance.US.
The China-based crypto exchange will now use Prove’s Phone-Centric Identity™ technology to drive an average of 85% faster verification times.
“Cryptocurrency moves fast and is on 24/7 – traders shouldn’t have to wait days or even hours to be able to trade,” said Rodger Desai, Founder and CEO of Prove.
“We applaud Binance.US for enabling the speed and customer experience their users are looking for leveraging Prove’s solutions to make identity verification faster and easier.”
Today’s announcement comes just days after Binance’s founder and CEO Changpeng Zhao (CZ) admitted that mistakes have been made during the company’s rapid growth trajectory.
“Binance has grown very quickly and we haven’t always got everything exactly right, but we are learning and improving every day,” he wrote in a letter.
His words came after four global regulators warned cryptocurrency traders about Binance.
Binance’s native token, Binance Coin (BNB), is down almost 60% compared to the all-time high set in May.
This news is republished from another source. You can check the original article here.
Be the first to comment