Blockpass, a regtech provider using blockchain technology and smart contracts, today announced it has added decentralized exchange IDEX to its extensive roster of partners. From the Blockpass Application, users can create, store, and manage their data-secure digital identities that can be used for an entire ecosystem of services or token purchases.
IDEX is an Ethereum-based decentralized exchange that features Ethereum and ERC20 token trading pairs. IDEX provides traders with both smart contract security and real-time trading experience providing the speed of centralized exchanges combined with the security and auditability of the Ethereum blockchain.
Blockpass and IDEX will work together to promote compliance within the realm of the blockchain ecosystem. In a sector that is increasingly under harsh scrutiny, blockchain based businesses need now more than ever to work to be compliant with new and emerging regulation. The partnership between Blockpass and IDEX will work with blockchain-based businesses to implement premium KYC and AML identity verification, ensuring the highest standards of compliance.
“The partnership with IDEX is particularly compelling for us. We look forward to collaborating with IDEX to bring the best in class KYC Connect Solution to blockchain businesses around the world.”
“Blockpass helps reduce the KYC barrier for both businesses and customers by providing a single source of verified documents,. By integrating with a ‘one and done’ KYC solution we can ease the process of creating verified accounts on IDEX.”
Blockpass has continued to expand the number of customers using their platform in recent months, announcing recently that businesses including Ethfinex, BBFTA, ethecal and Infinito have integrated the KYC Connect Solution into their customer onboarding procedures. Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service.