Bitstamp, a major Bitcoin exchange in the league of Mt. Gox, has now entered into business collaboration with GBGroup, a leading entity providing identity intelligence to clients. The collaboration is meant to enhance identity verification standards in Bitcoin trading market, a new requirement which is being made compulsory by the governments.
Interestingly, with GBGroup’s Identity Verification services, Bitstamp will be able to provide safe and secure transactions to customers and meet the requirements from the governments that require transparency on each and every Bitcoin transaction. Thus, the collaboration is all set to ensure that Bitcoin continues to grow meeting all the requirements from regulators.
However, Bitstamp has also ensured its customers that the verification will be done only at the point of registration so that all user activity at the organization takes place in a transparent manner. Partnering GBGroup will be highly beneficial for Bitstamp as the earlier enjoys a leading position as the most advanced global Identity Verification services provider.
Bitstamp which controls nearly 22% Bitcoin exchange market has selected GBGroup’s ID3global solution which enables a complete Identity Verification. With it the organization would be able to verify hundreds of new customers per day. The solution will also ensure that all transactions are done safely and securely in the Bitcoin marketplace.
Bring Transparency and Comply With the Set Regulations
Nonetheless, with ID3global solution, Bitstamp is all set to bring a global standard for Bitcoin exchanges in a marketplace where currently there are no set rules. Pioneering the process of identity verification partnering GBGroup, Bitstamp will be remembered for its vision as it is the first such Bitcoin exchange.
Lack of verification in Bitcoin trading has created huge trust deficit between the Bitcoin exchanges and the regulatory authorities. GBGroup believes that with the decision on the part of Bitstamp, customers and government will feel confident as everything will be transparent and yet secure and safe.
With a lot of experience in Identity Verification, GBGroup will help Bitstamp provide a safe business environment for its customers. The organization has carved a niche for its Global Customer Registration & Validation and Global Identity Verification and Authentication and Database Management, etc. amongst others.
Even Nejc Kodric, the CEO at Bitstamp admits that selecting GBGroup will provide the reliable infrastructure hit organization needed to help push this disruptive new entrant in the currency market to its full potential.
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