DecentWorld, a Swiss metaverse digital real estate platform, and Liquidifty, a cross-chain NFT Marketplace platform, have partnered with global identity verification and authentication company GlobalPass, to power trusted identity verification, and create a fraud-proof network for their platforms.
“NFT businesses must be prepared for future regulations and make sure they have infrastructure in place to support KYC/AML,” commented Tomas Sniukas, CEO of GlobalPass.
“Making sure things are in place will be a benefit to the business from other operating standpoints. NFT marketplaces will need to deal with banks to exchange crypto earnings into fiat currency. Banks will not be interested in working with any business that doesn’t have strict measures.
By taking a risk-based approach and introducing KYC and AML measures through GlobalPass, we are creating a more conducive working frame that benefits our clients, their users, and their business partners, all while cutting their exposure to financial crime,“ Sniukas underlined.
GlobalPass offer a fully-automated Swiss quality solution for Know-Your-Customer (KYC), end-to-end identity verification and compliance services to a wide range of industries.
The company facilitates a secure, trustworthy digital world for financial and non-financial companies using the all-in-one platform—from a seamless KYC process and business verification with real-time data, to crypto verification and transaction monitoring.
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Source: Cryptocurrency - investing.com
