By Andrei Skvarsky.
A toolkit developed by identity verification firm Sumsub has enabled its client NiceHash, a cryptocurrency mining platform and exchange, to boost its rate of avoidance of fraud attempts and security incidents by 80 per cent, according to Sumsub.
The kit is an all-in-one solution that enables NiceHash to meet differing requirements set by the crypto regulations of the approximately 190 countries where the company operates, Sumsub said in a statement.
NiceHash, which, according to Sumsub, has 2.5m customers worldwide, has checked about half a million users since it acquired the kit more than two years ago.
NiceHash, which is headquartered in the British Virgin Islands and has offices in Maribor, Slovenia, has some “big product launches” in the pipeline and plans to bring its crypto exchange service NiceX to the U.S. market, Sumsub said.
Sumsub’s kit is applicable to about 6,500 document types in more than 220 countries and territories. The firm is headquartered in London and has offices in Berlin, Limassol in Cyprus and Miami.
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