IT News Online – Blockpass Provides Powerful On-Chain KYC (TM) Utility for EasyFi DeFi Lending Platform


HONG KONG, Jan. 28, 2021 – (ACN Newswire) – Blockpass, the pioneer of on-chain KYC (TM), is proud to announce a revolutionary partnership with EasyFi Network – a scalable, open and inclusive DeFi Layer 2 loan protocol for the digital assets, built on Matic Network. The partnership presents a powerful use case for on-chain KYC data through a network comprised of Blockpass, Chainlink, Matic and EasyFi, enabling decentralized and compliant lending and borrowing of digital assets over public networks.

EasyFi is a protocol designed to solve some of the challenges inherent in the first generation of DeFi solutions regarding transaction speeds and costs that create a bottleneck when operating at scale. Its secure protocol aims to cover all kinds of bases, including microcredit, sub-guaranteed loans, credit delegation, credit default swaps, etc. By enabling lower cost transactions, a deeper liquidity pool, and real-world integrations, EasyFi hopes to be the catalyst for the massive adoption of DeFi.

Blockpass is a digital identity verification provider that provides a one-click compliance gateway to financial services and other regulated industries. With Blockpass, users can create, store, and manage a secure digital identity that can be used for an entire ecosystem of services, token purchases, and access to regulated industries. For businesses and merchants, Blockpass is a complete KYC & AML SaaS that requires no integration and no setup costs. You can set up a service in minutes, test the service for free, and start verifying and onboarding users.

“2021 got off to a promising and quick start with the on-chain KYC reveal. We’re incredibly excited to see such amazing use cases for the technology even before the end of the first month is over,” said Adam Vaziri. . , CEO of Blockpass. “We are really looking forward to working with the EasyFi team, who are equally passionate about creating useful, simple and compliant solutions in this space; this is just the start of the chain KYC revolution! “

Ankitt Gaur, Founder and CEO of EasyFi Network, said: “We are very happy to see the vision of ‘Identity Quad’ become reality where identity is managed by one participant (Blockpass), relayed by another (Chainlink) , activated by a third (Matic) and offered for consumption by (Easyfi) leading to adoption. With the goal of achieving the above, we are very excited to partner with Blockpass and look forward to working with them to provide seamless on-chain identity solutions to our Lending Protocol 2 layer. Our collaboration is moving a needle forward. towards sub-collateral and unsecured loans which are part of our efforts to get DeFi users to do more with their digital assets, which fits perfectly with our #DoMoreWithDeFi vision. “

Blockpass has grown significantly in size and use since its inception, both in terms of the number and range of users and organizations it has partnered with, as well as the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to comply with regulations and recent integrations with Chainlink and Matic have sparked renewed interest in Blockpass’s KYC (TM) on-chain solution.

With a current discount of over 90% on its services, a fact made possible by the unique and reusable nature of its verification method, and set up to help as many people as possible to access KYC as part of the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass app is available on the App Store and Google Play.

About Blockpass

Blockpass, the pioneer of On-chain KYC (TM), is a fast and comprehensive software as a KYC and AML filtering service for blockchain, crypto, challenge and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup costs, no integration required, free testing, immediate launch, and at the lowest cost. Blockpass’s KYC Connect (TM) platform allows businesses to select customer onboarding requirements which may include identity authentication, face matching, address verification, continuous monitoring of MLA and / or filtering of sanctions lists, Politically Exposed Persons (PEP) and adverse media. . With Blockpass, end users easily create a verified portable identity that they can control and reuse to instantly integrate any service. By integrating with Chainlink Network – a decentralized Oracle solution – in early January, Blockpass introduced the first KYC (TM) on-chain solution that will serve many blockchains for years to come.

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About EasyFI

EasyFi is a universal Layer 2 loan protocol designed for DeFi with a focus on scalability, composability and adoption. It was designed as an open and inclusive financial network infrastructure to operate over public networks to facilitate end-to-end lending and borrowing of digital assets and related financial products. EasyFi is built on the philosophy of unauthorized networks and smart contract automation.

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