Crypto Investment Platform Peccala Enters Partnership with iDenfy on Remote ID Verification

Czech Republic-based Peccala has partnered with Lithuania’s global ID verification company iDenfy to safeguard its user-friendly crypto platform with remote identity verification.

Peccala is a cryptocurrency investment platform that provides tokenized crypto Robo-investor services. From now on, Peccala’s customers will be onboarded through iDenfy's full-stack 4-step ID verification procedure. 

iDenfy claims that purchasing crypto anonymously poses security risks, as anonymity can become a critical tool for money laundering. For this reason, as per iDenfy, Know Your Customer (KYC) obligations should be valid for the crypto industry, requiring all customers to verify their identity before or when transacting. 

As the company suggests, the growing community of crypto lovers, large high-value transaction numbers, and increasing fraud risks motivate financial institutions to search for secure digital identity verification solutions. Consequently, the Czech company is no exception. While Peccala is still growing, the crypto company explained that finding ways to adhere to compliance standards as significant players in the industry can be challenging. Partnering with iDenfy will hopefully change that paradigm. 

(Source: The Paypers)