The company to power new Civic Wallet which allows the users to take control of their personal data and money.
London headquartered Onfido has reportedly signed an agreement with Civic for its wallet services which will now allow the users to take control of their private information and finances. It has been claimed that Onfido will now allow the company to onboard new users quickly and securely while offering them more control over their privacy.
As per trusted sources, Civic Wallet is preparing to pave its way to the next generation of digital wallets, where both the identity information and crypto lies on the device. This is expected to enable the consumers to maintain control of their personal data, shielding their identities and money.
Speculations have it that with Civic Wallet, the consumers stand an advantage to store, send and receive money crypto safely and seamlessly in a way which will set a new vision for the industry. Reportedly, the private keys are securely stored on the user’s mobile unit, and the backup systems ensure that the digital wallet can easily be restored if a mobile device is lost or taken.
According to the sources, Onfido’s advanced technology will enable Civic to rapidly and easily verify the identities of people logging in Civic Wallet. The users require to simply take a photo of their government-issued identity proof which is then assessed by Onfido’s AI-powered technology on its authenticity by comparing it against the facial biometrics.
Vinny Lingham, CEO and Co-founder of Civic was reportedly quoted stating that Onfido shares its vision of offering every person with a digital identity which can be owned and controlled by the users.
Commenting on its alliance with Civic, Husayn Kassai, CEO and co-founder, Onfido reportedly cited that the company is delighted to work with Civic in the search of using blockchain for distributed identity management and is excited to partner with a company which shares its goal of creating access to digital services easy and secure.