globaliD partners with COTI, a blockchain-based payments network

globaliD is thrilled to announce a new partnership with COTI, a blockchain-based payments network designed to be both decentralized and scalable.

COTI, Currency of the Internet, will leverage globaliD to ensure frictionless, fast and secure identity verification for its expanding user base.

As COTI noted in a blog post:

COTI will integrate with globaliD’s decentralized platform, enabling COTI to seamlessly integrate users and manage permission and compliance for users’ levels of access, with personal information securely stored and encrypted.

Shahaf Bar-Geffen, CEO of COTI:

“Our partnership with globaliD will allow for greater functionality across COTI’s payment service. By providing a decentralized and trusted identity, which overcomes boundaries of location, globaliD will bolster the secure KYC/AML processes that COTI has put in place. As we continue to push the frontiers in fintech, we will work closely with globaliD to offer the best solutions in identity verification.”

For globaliD, this represents another exciting addition to our rapidly growing ecosystem of financial tools and services built on our portable digital ID platform.

Greg Kidd, CEO of globaliD:

“We’re pleased to announce this partnership, which allows COTI to further maximize the user experience through working together with globaliD. As COTI continues to be a pioneer in bridging the gap between the best of traditional payment with the best of cryptocurrency and blockchain technologies, this is a further positive step to providing a seamless, reliable way to manage identity verification in a fast-growing space.”

About COTI: COTI is a financial technology company that has developed the TrustchainTM base protocol to solve the shortcomings of both the traditional and cryptocurrency payments industries. COTI solves the real world problem of high processing fees and low approval rates by cutting out the middlemen involved in payment transactions. With low-to-zero fees, buyer-seller protections, instant processing and high scalability, COTI will be poised to spearhead the mass adoption of digital currencies in the mobile era.

About globaliD: globaliD, a venture-funded San Francisco-based identity provider, offers a portable, safe, and private way for people to create a digital identity and gain permissions to act through its ecosystem. globaliD is venture backed by Arbor Ventures, CampOne Ventures, 500 Startups, Altair, and China Rock Capital.