![]() BitPay enables us to securely service more people in a way that is cost-effective and quicker than a bank wire, while we can deliver them the most trusted identity verification service in the crypto space.” BitPay is the largest global crypto payments provider. ![]() Partnering with Bitpay was the obvious choice for both our businesses. Husayn Kassai, CEO and co-founder of Onfido, said: “At Onfido, it’s our mission to build an open world where identity is the key to access. With just a photo of an identity document and a smartphone camera, users can confirm their identity and gain access to a host of online services, helping businesses onboard more customers, more securely. On the other hand, Onfido’s machine learning technology powers identity verification for over 1,500 customers worldwide, according to the company. BitPay enables transactions from any computer or mobile device, meaning Onfido can deliver identity verification services to a large number of otherwise underserved global users. While over 2 billion adults worldwide are un- or underbanked, half of those own a smartphone. Partnering with BitPay helps Onfido expand into international markets where credit card payments are impractical. BitPay verifies the funds and accepts the Bitcoin on behalf of the organization businesses then receive settlement in fiat currency within one to three business days. It processes over $1 billion annually from merchants and B2B customers. The announcement is important within the sector as BitPay is the largest global crypto payments provider. Partnership: BitPay Enables Onfido’s Verification Technology To Leverage KYC Standardsīitpay and Onfido, two major players within the cryptocurrency sector, have sealed an agreement in which the payment provider, Bitpay, and the the global verification platform, Onfido, will work hand-in-hand to get the most out of both technologies.Īs such, and as the company recently confirmed, “Onfido has announced a partnership with BitPay to accept payment in Bitcoin.” The partnership will work towards providing BitPay with Onfido’s technology to meet Know Your Customer (KYC) requirements and bringing onboard new users to its platform swiftly and securely.
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