PALO ALTO, Calif. and LONDON, July 6, 2016 /PRNewswire/ -- Jumio, the leading digital ID verification company today announced that Krypto Commerce, a Spanish based crypto-currency specialist has chosen Jumio to provide know-your-customer (KYC) and anti-money laundering (AML) services for their new product, the PoolMiners Card.
The PoolMiners Card is a prepaid debit card that uses crypto-currencies in place of dollars, pounds and euros. Over 100,000 merchants globally accept crypto-currencies such as bitcoin and sarcoins. This new card is further proof of how crypto-currencies are moving into mainstream finance and commerce.
The PoolMiners Card is an online only product, with no physical branches, where IDs can be checked prior to opening an account. Jumio's Netverify will help to validate IDs, and fulfill required rigorous KYC and AML laundering checks.
Customers can simply scan their passport with their mobile device to swiftly and accurately verify themselves and then start taking advantage of their new PoolMiners account and card.
Krypto Commerce has a presence in European countries such as Spain, Portugal, Italy, Switzerland, South America and Russia and plans to go to market in the US. Jumio's ability to accept IDs from over 200 territories around the world makes it a perfect solution for current and future ambitions.
Rubén Arcas, Project Director, Krypto Commerce, said: "Compliance and security are critical to our proposition, but equally, we don't want to have a clunky verification system that doesn't provide a good user experience. Netverify is absolutely perfect for our needs and will provide the level of customer service and experience that we want our cardholders to enjoy at every stage of their relationship with us."
Robert Prigge, Chief Revenue Officer, Jumio, said: "Crypto-currencies are a driving force in commerce and finance. What started as a niche currency is becoming part of the financial norm. The PoolMiners Card is a critical part of this revolution and we are pleased Jumio can provide the advanced verification technology required to bring it to market."
Jumio delivers the next-generation in digital ID verification, enabling businesses to reduce fraud and increase revenue while providing a fast, seamless customer experience. Jumio uses computer vision technology to verify credentials issued by over 200 countries in real time web and mobile transactions. Jumio's solutions are used by leading companies in the financial services, sharing economy, retail, travel and online gaming sectors. Funded by Centana Growth Partners and based in Palo Alto, California, Jumio operates globally, with offices in the US and Europe, and has been the recipient of numerous awards for innovation.