Pavel Sokolovsky

KYC

on the blockchain · Jan 2023

KYC doesn’t matter in the metaverse?

At least, that’s the principle that ZELF, “bank of the metaverse”, was operating under since its June launch. Like so many neobanks, it rented its license from Evolve Bank & Trust. In this case, indirectly, as a customer of banking-as-a-service platform Solid. Last week ZELF had a very prominent launch on Product Hunt. Evolve could no longer ignore the issuer of “anonymous debit cards” and quickly shut them down. |…

on the blockchain · Jan 2021

ShapeShift says goodbye to KYC

“Today, ShapeShift is announcing that it has integrated decentralized exchange protocols and is sunsetting its 6+ year business of trading with customers. Because of this fundamental change to our business model, ShapeShift’s users no longer need to provide personally identifying information to us.” | learn more