28 April 2015

Bitcoin firm Safello turns to Jumio to smooth customer verification process

20 May 2014  |  2162 views  |  0 Source: Jumio

Safello today announces the integration of Jumio's identity document verification service to speed up its onboarding process. Customers throughout Europe now have a quick and safe way to get into bitcoin.

With 87 banks in 11 countries supported for direct payments and its smooth verification process Safello is living up to its motto "The fast lane into Bitcoin".

With the new verification method Jumio and Safello's extensive support for different direct payment options, Safello is the go-to destination for Europeans who want to buy or sell Bitcoins quickly.

Frank Schuil, CEO & Co-founder of Safello explains: "What most newcomers to Bitcoin do not realise is that the popular peer-to-peer exchanges have deposit requirements that cause days or in extreme cases weeks delay. We have optimised our platform for the quickest turnaround time as we don't require such initial deposits, but instead execute the trade directly to the market."

Quicker and safer verification with Jumio

To improve turnaround time from first visit to delivery of Bitcoins, Safello partnered with Jumio. Safello's customers can now hold up their identity document to their device camera for a quick and easy verification process. Netverify, Jumio's document authentication service makes sure that customers are who they say they are and that they are using a real, legitimate ID document.

Sara Lindqvist, compliance officer at Safello elaborates: "In Sweden we introduced Mobile Bank ID earlier this year as a verification method. It significantly improved the conversion rate and our customers loved it. We set out to find an equally reliable and compliant solution for the rest of Europe and found Jumio to fit all of our requirements."

Marc Barach, CMO at Jumio said, "More and more Bitcoin operators are ready and willing to embrace customer verification through Jumio's automated identity authentication service. Safello are one of the new operators driving a quicker, slicker customer experience in Bitcoin by incorporating new technologies like Jumio's Netverify along the way. We are also delighted to announce Safello as a new member of BISON, the Bitcoin Identity Security Open Network, where they join likeminded Bitcoin operators who have chosen to embrace customer verification processes." 

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