According to the management source, Jumio’s end-to-end identity verification and authentication technologies will be used to fight fraud and maintain compliance when on-boarding users in order to continue to enrich the community that already exists on the Paxful platform. “With Jumio’s ID verification to the platform, Paxful has taken a stance to improve its AML procedures and compliance programme in every operating country.
Paxful is constantly improving to protect honest customers in the marketplace. The company boasts a growing community of consumers in Africa; and their feedback has been vitally important in advancing security and compliance on its peer-to-peer marketplace. Through Jumio’s AI-powered trusted identity service, Paxful will now be able to verify customers’ real-world identities, with a simple ID scan and real-time biometric authentication and liveness detection which will go into full effect this April. Paxful will now require users around the world who reach an equivalent of USD $1,500 in trade volume or wallet activity to verify their accounts through ID verification”.
In addition, the source said that users who reach USD $10,000 in trade volume or wallet activity must provide ID verification as well as address verification.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Source: vanguardngrnews - 🏆 5. / 75 Read more »