Blockpass Partners with Ethereum Exchange Ethfinex For ICO Compliance
There's no denying that ICOs are fast becoming the fastest way for upcoming crypto establishments to raise the much-needed funds for infrastructure development. As such, it is therefore not surprising that Ethfinex – which is an Ethereum-based token trading enterprise and exchange has a few hours ago announced a crucial partnership with Blockpass.
For those who may not be in the know, Blockpass is a new digital identity service and application that is designed to return the control of data to the end user. In other words, Blockpass main target here is to provide a cost-effective and streamlined user onboarding experience that is tailor-made for conventional regulated industries.
What's more, this also designed to allow end-users to store, create and manage their special data-secure identity (digital) that can then be used to gain access to a whole ecosystem of related services or otherwise just for token purchase.
According to Blockpass' CEO – one Mr Adam Vaziri – Blockpass is primarily made for aiding users in dealing with the otherwise tedious process that mostly involves complying with the usual KYC rules. At the same time, Blockpass is also committed to providing its clientele with a reliable regulatory and user-compliant solution. And in partnership with the already established Ethfinex, they will be essentially stepping up their game in reaching a higher population of end-users who are yearning to take control of their personal data.
Direct Access And Security
Ethfinex, on the other hand, seeks to give direct access to pre-analyzed and vetted token sales that are designed for users operating in an environment that mainly mitigates some if not all of the risks that are associated with conventional ICO contribution channels.
Ethfinex is therefore just a spin-off of the larger Bitfinex that is offering more than a hybrid trading solution tailor-made specifically for token trading. And this is where users can view the books of Ethfinex and Bitfinex without necessarily surrendering the control of their physical funds or digital assets.
Further, Ethfinex is in the business of offering the best of both worlds, and this often revolves around liquid and high-speed trading without compromising on privacy or security.
Finally, thanks to this partnership, Blockpass will be effectively integrated into the larger Ethfinex thereby allowing a bulk of the registered Ethfinex users to access and download the main Blockpass application. Also, it will also be possible to complete the accompanying KYC then subsequently submit it to the Ethfinex platform.