As the world becomes more privacy and data ownership oriented, end users will expect to be able to transact confidently knowing their identifying data won't be at risk. With TransactID, you don't have to know the other side – and they don't have to know you – in order to transact securely.
By forgoing the need to know the other VASP before initiating a transaction, TransactID allows for two key benefits:
Just weeks before the national launch of El Salvador's Chivo wallet, their system was inundated with cases of identity fraud, failed transactions, and blocked accounts. Enter Netki – within 45 days, through Netki's OnboardID product, the Chivo wallet was able to onboard 4M users in 45 days.
It’s comforting for me to be able to depend on Netki. I go back and forth with them every day, talking or on Slack. Probably every hour that I’m online and, the responsiveness, the quality of support that we get, the turnaround time and issues that can be resolved by Netki are just outstanding.
“Netki and AlphaPoint have made history as the first two companies in the world to successfully execute a nationwide bitcoin adoption platform. Netki’s scalability and fraud prevention were key factors in our success in working together,”
“Netki’s focus on digital assets gives us confidence that they can meet security token issuers’ and investors’ needs, regardless of their jurisdiction or regulator of record”