I can see potential for common users, indeed, however, what is your stand regarding small and medium companies who would like to verify their business for some reason? Will it be possible?
Of course we think about companies too.
For service providers:
- High user verification costs. User verification on average costs between $10 and $1500 per KYC13, depending on the service. It also takes up to 2+ days on average and at times amounts to 6 weeks in processing.
- Inauthentic user data. Due to increase of fraud risk, services are forced to implement complex personal data verification algorithms. Nevertheless, in most cases they fail in creating a trustworthy verification process, which leads to:
- Violation of Terms of Use, often without any consequences, which causes a financialand other distresses to business and customers.
So our service helps to solve these problems. More about it you can read in our whitepaper -
https://kyc.legal/WhitePaper-ENG.pdf