Infinito Partners With Blockpass For Regtech Tokens, KYC/AML And More
Jun 1, 2018
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After notifying partnership officially, self-sovereign identity application Blockpass and Infinito have been accelerating in actualizing our mutual agreement. Indeed, the Blockpass’ PASS token was added into Infinito Wallet as a default token on 23th, May 2018. And now we are pleased to provide users and partners with Blockpass’ KYC solution, which is critical for investors and ICO companies regarding user verification, scam prevention, and protection of personal information.

PASS tokens as discount vouchers

As mentioned above, the Blockpass’ PASS token was listed as the default token and became the first regtech token issued on the Infinito Wallet.  Users can use PASS tokens as discount vouchers for Blockpass’ verification services. The launch of this ERC20 token with an aim to widen the Blockpass’ users network. It is required for a user to download the Blockpass app and then conduct the KYC verification. Once verified, the user is able to carry on to trade his/her PASS tokens. We will come back to let you know in details about Blockpass’ token distribution later in this article.

Blockpass IDN, state-of-the-art regtech solution

Blockpass provides IDN as a client-driven and self-sovereign identity application to make it a perfect fit for regulated industries. With information security as the first priority, Blockpass ensures KYC and AML consistence for regulated service providers. We were integrated Blockpass’s KYC feature directly on Infinito Wallet which allow users to easily submit their profile data to Infinito Wallet’s service partners, including:

  • Infinito ICO platform
  • Infinito Wallet’s ICO partners
  • Exchange services partnered with Infinito Wallet

For Infinito ICO platform, users (investors to the ICO) can login with BlockPass certification. Then, the user’s profile information will appear automatically on KYC form of Infinito ICO platform. After the Infinito ICO Platform approves the endorsement of the  user’s KYC, the user can choose to receive the certificate issued by the ICO and add it to their BlockPass profile. The benefits of this integration are immense. For users, it removes the painful process of repeatedly submitting KYC information for ICOs that they want to invest in. For businesses, the Blockpass KYC feature helps reduce a huge amount of cost and time to verify new investors. Furthermore, Infinito and Blockpass will introduce more regtech frameworks that back the launching of security tokens, real-world blockchain resources, and other ‘credited’ token designs. These new assets will define the premise of a decentralized ecosystem of devices, d-apps, and more in the future.

Blockpass’ Token Distribution And Infinito’s Support

Blockpass started their initial distribution of the PASS token from 31st May to 30th November 2018 with a glittering event taking place in Hong Kong on the same day. On Infinito’s side, we also have available features to support Blockpass on their token distribution including QR code, Verisign, ICO tab and newsfeed. We have launched the Blockpass PASS token via the Infinito Wallet platform and it was the first RegTech token issued on the wallet’s platform. With the addition of the QR code, token VeriSign and ICO tab, newsfeed features, the PASS token can be used on the platform with security to fight against fraudulent activities.“When investing in PASS with Infinito Wallet, the investor can scan a special QR code on the Blockpass website and the PASS will automatically appear in your wallet dashboard with a Verisign mark endorsed by Infinito. “Thus the PASS token and its smart contract are officially verified by Blockpass without fear of fraud.” In fact, Ellena Ki, Product Marketing Leader of Infinito, also mentioned about these features at the event in Hong Kong while congratulating their new milestone. This partnership with Blockpass is part of our plan to join with leading blockchain service providers that enables users to maximize their usage and potentials of digital currencies.PASS tokens are on track to become a top cryptocurrency among regulated service providers and their customers.

Infinito Wallet is one of the foundations of Infinito Ecosystem for users to manage crypto wealth, enjoy applications and to make payments securely and seamlessly in few clicks, while businesses can efficiently build and launch successful blockchain innovations. Through our ecosystem, Infinito aims to drive true blockchain mass adoption for both users and businesses by solving the problems of poor experience, interoperability, and general inaccessibility they are facing in decentralized world.

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About Infinito

Infinito aims to create a perfect blockchain experience for users, applications, and developers through its product Ecosystem which includes Infinito Wallet, Infinito App Square, Infinito Blockchain Platform, and InfinitoPAY.

A professional team of 50 experts behind Infinito Wallet, Infinito Blockchain Platform, and Infinito business blockchain solutions – with intensive experience in blockchain technology including technical developers and researchers, business and marketing executives, designers, quality control engineers, and customer service officers. Registered in 80 Robinson Road, #08-01, Singapore 068898, registration number 201900666E.

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Shane Tran Thai

PR Specialist