Velix.ID and BuyUcoin announce strategic partnership between the two companies towards the common cause of improving consumer services utilizing blockchain technology. Both companies will work in a synergy towards integrating the Velix.ID Ecosystem for frictionless identity verification with BuyUcoin, an India-based cryptocurrency exchange, for their KYC requirements.
Velix.ID is a platform to enable frictionless identity verification across the globe. It allows for a seamless exchange of verified identities between businesses & organizations near-instantly, with the explicit consent of the User, that can be obtained in real-time. Utilising blockchain technology, Smart Contracts, Zero Knowledge Proofs, and Stellar Consensus Protocol (SCP), Velix.ID is building an ecosystem that optimizes time & cost resources for both businesses and consumers to their maximum potential.
BuyUcoin is a digital currency wallet and platform where traders and consumers transact with multiple digital currencies. The exchange was founded in 2016 by Shivam Thakral, Devesh Aggrawal, and Atulya Bhatt. It currently serves more than 200,000 users and handles more than $30m in transactions with digital currencies like Bitcoin, Ethereum, Ripple, NEO, Bitcoin Cash, Dash available online.
BuyUcoin had humble beginnings in 2016 as a Bitcoin exchange, we achieved rapid customer traction due to the customer-centric focus of the company. With over 200,000+ customers that vouch for the ease with which BuyUcoin enables digital asset trading, they are on a mission ‘to bring cryptocurrencies in a million Indian pockets.’
Manav Singhal, CEO & co-founder of Velix.ID, said of the partnership,
It is amazing to see so many blockchain startups booming up in India. The enthusiasm among the BuyUcoin team is amazing, and I have no doubt on their ability to build a successful cryptocurrency exchange for India with an impenetrable technology in the background. There’s a lot of scope in improving cryptocurrency trading in India, and it is encouraging to see young startups coming up and attempting to fill this gap. We are glad to partner with BuyUcoin for their KYC requirements, and help them grow further as an exchange that is targeted at optimizing user-efficiency.
The Velix.ID crowdsale begins April 17. Sign-up now on account.velix.id to invest in the sale. 5% Bonus for the first 24 hours of creating an account!
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