Crypto Exchange Blockbid Deploys Bank-Grade KYC Tech
Blockbid signs LexisNexis Risk and ThreatMetrix to combat fraud.
David Sapper, COO at BlockBid tells WatersTechnology that together with his team, they found that often cryptocurrency exchanges lacked transparency and accountability, and were working in a “gray” area.
He argues that what consumers require from the financial institutions of today has not been applied in the crypto markets. “We understood that there is a large gap for an exchange that wants to step forward and say that this is the bar that needs to be set for every single exchange,” he says.
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