Safello implements KYC from Yoti allowing bitcoin purchases in under 60 seconds

Safello, a secure European provider for purchasing bitcoin and ether, has announced that now its customers across the EU will be able to use Yoti to verify their identity and then pay with a credit card to purchase cryptocurrencies.

[perfectpullquote align=”full” bordertop=”false” cite=”Frank Schuil, CEO of Safello, explained how the partnership benefits crypto enthusiasts” link=”” color=”” class=”” size=””]“With Yoti verification integrated into Safello brokerage, we are replacing cumbersome Know Your Customer (KYC) processes with a simple and universal app, substantially improving the user experience in crypto purchases. By bringing together Yoti with the trusted payment processing of SafeCharge, we are offering users a gateway where they can transact in cryptocurrencies with confidence and peace of mind, within seconds. Our partners will be able to extend the same crypto buying experience to their users on their own platform when they integrate our widget with Yoti identity verification already embedded.”[/perfectpullquote]

The entire process is completed within 60 seconds:

  1. Select the cryptocurrency and amount you wish to buy on Safello.
  2. Verify your identity instantly with Yoti.
  3. Pay with a credit card.

To keep sensitive data secure, Yoit uses the latest, advanced 256-bit encryption. By scrambling, encrypting and storing personal information with separate cryptographic keys, Yoti ensures there isn’t one honeypot of data for hackers to target.