Crypto Exchange Blockbid Deploys Bank-Grade KYC Tech

Blockbid signs LexisNexis Risk and ThreatMetrix to combat fraud.

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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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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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