Civic to Boost Ride Sharing Industry

Civic announced its partnership with a wheel sharing startup Helbiz to provide verified identity service in the ride sharing industry
06 February 2018   605

Civic is a cryptocurrency which aims to give businesses and individuals the tools to control and protect identities. On February 6 Civic has announced its partnership with Helbiz, which is a peer-to-peer marketplace that has a purpose to make renting a car, motorcycle or bicycle convenient, affordable, instant and rewarding.

The partnership was made in order to ensure that the vehicle owner and customer reputation will be protected by Civic’s technology for identity and verification, as Civic should enable verified profiles in the Helbiz network for onboarding customers.

Verification is a crucial part of the Helbiz business model and we will use Civic to ensure customer identity verification, security and privacy as we launch the Helbiz Mobility Platform.

Salvatore Palella

Founder, Helbiz

In the wake of general decrease of the cryptocurrency market, Civic is also falling in price, for instance, it fell from $0,37 to $0,24 within past 24 hours. The market capitalization of the coin also lowered from $127 to $82 million during the same amount of time.

Civic ChartsCivic Charts

At the moment of press, these are main market parameters of Civic:

Average price: $0,259764
Marketcap: $89 021 114
24h volume: $5 672 760

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.