PALO ALTO, Calif., Sept. 29, 2017 /PRNewswire/ -- Civic, the innovative blockchain identity verification technology, today announced the rollout of its partnership with blockchain company ShapeShift AG, providing added security features to their newest product Prism, the world's first trustless asset portfolio platform. Through this partnership, Civic will help deliver a secure user access experience for Prism platform users.
The popularity of Bitcoin and other cryptocurrencies as an alternative investment class is growing. With the massive market cap increases of nearly 800%, there is a real appetite in the traditional investment community for access to this new growth channel. One of the main barriers to entry is a concern about security and privacy under the current market conditions and the ability to easily transact without complicated user interfaces and wallets. Through the partnership, ShapeShift AG's added security for Prism users hopes to gain the trust of the general public and illustrate that cryptocurrencies are truly available to everyone.
Emily, Chief Marketing Officer of ShapeShift AG, supports the new partnership, saying, "ShapeShift was excited to integrate with Civic for our Prism platform as it allows us to further align with our dedication to providing strong security features across all of our offerings. We are fanatical about user security and are happy to be able to provide further protection for our customer's identities and financial assets from the growing trends of cyber fraud and identity theft."
Civic CEO Vinny Lingham echoed her statement saying, "We are pleased to welcome ShapeShift's Prism platform to Civic's Partner Network. This collaboration marks another milestone on our roadmap to building our global ecosystem for on-demand, secure, and low-cost access to identity verification services."
To use your verified ID with Prism, users must download the Civic mobile app and complete an Identity Validation Process. The simple, quick process verifies credentials to ensure ownership of the identity and establishes the required level of trust. The data is fully encrypted in the Civic app on users' devices, not stored by Civic or Prism, making it impervious to typical data breaches and protecting the user's identity.
The Prism platform is currently in private beta and registrants will be granted access over time by the ShapeShift team. Register with Civic and Prism at: https://prism.exchange/login.
For more information or to become a Civic business partner, visit https://www.civic.com.
Civic is a revolutionary blockchain identity verification technology that allows consumers to authorize the use of their identities in real-time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, and low-cost access to identity verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017. For more information, visit https://www.civic.com/.
Prism is the world's first trustless asset portfolio platform, enabling users to create portfolios of digital assets, such as Bitcoin, Litecoin, Ethereum, Dash, Monero, & Golem without counterparty risk. In a matter of minutes, an investor can create their crypto portfolio, gain exposure to a wide range of blockchain tokens, and secure their investment without having to maintain unique wallets for each asset. The technology is engineered and offered by ShapeShift AG, one of the world's leading blockchain exchange companies. Learn more at www.prism.exchange.
Media Contact: Spark PR