Blockchain.com Partners with Prove to Offer 10-Second KYC Verification to Its Users

(PRESS RELEASE – Miami, USA, August 7, 2024)

Blockchain.com, one of the world’s oldest and most trusted crypto platforms, today announced a major update to Blockchain.com Pay: the integration of Prove Identity Inc., the global leader in digital identity. This integration aims to streamline the Know Your Customer (KYC) process for U.S. customers, enabling instant and secure user verification.

With the integration of Prove solutions, Blockchain.com Pay users can now complete their KYC verification in less than 10 seconds Initially, those seeking a visa only had to provide the last four digits of their Social Security number and mobile phone number. This eliminates the need for time-consuming traditional methods such as driver’s license scanning, verification selfies and proof of address.

“Prove solutions are transforming the KYC experience with a focus on speed, security, and simplicity,” said Jim Wang, Chief Product Officer at Blockchain.com. “One of our top priorities is to provide our users with an unparalleled experience, and with Prove, we are setting a new standard in the industry,” added Wang. “This simplified KYC flow is just the latest addition to our all-in-one solution that includes fraud management and customer support, further differentiating us from other competitors.”

This partnership not only benefits individual users, but also provides a significantly improved user experience for Blockchain.com Pay partners, including industry pioneers such as Exodus and MetaMask. With Blockchain.com Pay, businesses can integrate crypto payments into their services with minimal code and take advantage of competitive fees, over 40 million already KYCed Blockchain.com customers, and comprehensive customer support.

Businesses interested in improving their access experiences and joining a list of partners including Exodus and MetaMask, can contact the Blockchain.com Pay team here: blockchain.com/pay.

About Blockchain.com:

Blockchain.com is a global leader in cryptocurrency financial services, offering a wide range of solutions including investments, an exchange, a wallet, and institutional markets. Known for its reliable and easy-to-use products, Blockchain.com continues to put people around the world in control of their money.

About Prove Identity:

Prove solutions enable businesses and consumers to transact confidently and without barriers. We enable businesses to confidently distinguish between legitimate users, as well as bots and fake accounts masquerading as humans. More than 1,000 companies, including 9 of the 10 largest U.S. banks, trust Prove to prevent fraud, improve customer experiences, and increase revenue. For more information, visit www.prove.com or LinkedIn.