30 August 2018, Singapore
VeriME a blockchain-based identity verification and payment authentication solutions provider, has recently collaborated with EGATE , one of the leading crypto wallet and payment gateway provider based in Central America. Given the rising cost and challenges of KYC and payment authentication processes, the tech start-up’s D-KYC and D-SECURE solutions are quickly being adopted by many payment gateway companies such as EGATE.
As part this partnership, VeriME’s VME token will also be listed as one of EGATE’s crypto assets. EGATE’s merchants will now be able to accept VME token along with Bitcoin, Ethereum, Tether, Litecoin etc. from their customers.
EGATE was founded in 2016, aiming to become the most popular and advanced cryptocurrency service in the industry. EGATE aspire to provide user friendly services though their creative and innovative solutions to crypto community.
EGATE services include blockchain payment gateway, crypto wallet for consumers, crypto stored value cards for the payment ecosystem. Additionally, EGATE is also positioned to issue prepaid debit cards for crypto wallet users which can be accepted at point-of-sale terminals and eCommerce retailers globally by Q4 2018. With the growing market demand for blockchain technology and digital assets for non cash payments, security, non-complex acceptance and superior service, are some of the rising concerns that have triggered EGATE to develop its solutions to cater various merchant verticals.
As safety was one or their primary concerns, EGATE took the opportunity to bridge their services together with VeriME. With this partnership EGATE will be using VeriME’s D-KYC solution for their customer and merchant on-boarding needs. They would also be using VeriME’s D-Auth & D-Secure features for their user and payment authentications. With VeriME’s products, EGATE is making way to provide their customers & merchants, an unique value added service by not only processing their transactions, but making it a solid digital platform that provides secure identity verification needs and maintains data online which is fast and easy. With VeriME’s decentralized blockchain system it will eliminate risk of data leakage and ensures complete privacy for EGATE customers and also by complying to regulatory needs such as local data sovereignty and compliance!
With VME being a “utility token”, the tokens used as a service fee will be distributed among the ecosystem of EGATE and their consumers. In other words, EGATE customers will be entitled to receive usage fee in the form of VME tokens into their personal wallets each time they perform a transaction. On the other hand, EGATE as VeriME partner will also be entitled to referral fee in the form of VME tokens which can be used to buy more services from VeriME. This way VeriME will also benefit as it will motivate the growth of VeriME ecosystem and increase the value of VME Tokens in the long run facilitating it to become a self operating Ecosystem.
VeriME, launched in early 2017, is a Singaporean FinTech startup specializing in blockchain based Verification-as-a-Service solution to facilitate easy and fast user KYC and authentication for Banks, Financial Institutions, TelCos, Marketplaces and large merchants. VeriME has partnered with 35+ partners globally encompassing more than 300,000 online merchants and their consumers. VeriME’s flagship products, D-KYC and D-SECURE, can be utilized by customers and merchants for efficient digital authentication. The customers can be at peace knowing that their information is not being recorded or transmitted during the verification process.
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