Sweden-based bitcoin exchange Safello has announced a new partnership with payments validation and ID verification service provider Jumio in an effort to simplify its customer onboarding process.
Launched in March, Jumio's Bitcoin Identity Security Open Network (BISON) provides consumers the ability to verify their identity by holding an ID in front of a camera or connected device. Data can then be extracted in real-time and used to quickly populate necessary enrollment forms.
Frank Schuil, CEO and co-founder of Safello, explained that the partnership will allow the exchange to better cater to consumers who want to buy or sell bitcoins quickly in the 11 countries it now serves, saying:
Schuil framed the new service as one that gives the bitcoin exchange an important value-add at a time when popular peer-to-peer exchanges have cumbersome deposit requirements.
Eye on Europe
Sara Lindqvist, Safello's compliance officer, is enthusiastic about the partnership, noting that it will allow the company to better serve members of the European bitcoin community.
Lindqvist explained how Safello introduced a Mobile Bank ID verification method earlier this year, but that this upgrade was limited to the exchange's Swedish customers:
Ambitious goals
Safello has also been active in other segments of the bitcoin industry – for example, in December, the company launched the first bitcoin ATM in Sweden.
The company's CEO, also notably ran as a candidate in the most recent Bitcoin Foundation board member election, though he did not proceed to the final round of voting.
Identification image via Shutterstock