Categories: Sponsored

Can ivyKoin Become the Leading Business-Focused KYC-Enabled Cryptocurrency?

ivyKoin is the first cryptocurrency with built-in Know Your Customer (KYC) and Anti-Money Laundering (AML) systems that aim to provide service to businesses and organizations by developing a cryptocurrency that is transparent, flexible, and scalable.

Disclosure: This is a Sponsored Article

With advisors such as Feroz Sanaulla and Josh Maher that have decades of experience in the finance and technology sectors working with multi-billion dollar conglomerates like Commonwealth Bank, Intel, Microsoft, Westpac, PayPal, Mastercard, and Viacom, the ivyKoin development team primarily seeks to serve large-scale businesses.

“ivyKoin is establishing the bridge between cryptocurrencies and today’s existing financial institutions,” said the team. “We see ivyKoin as an opportunity for banks and financial institutions to participate in the blockchain/cryptocurrency world while de-risking the anonymity that is normally associated with existing tokens and coins. The $400 Billion+ crypto market needs stability and structure and ivyKoin will allow for that to occur.”

Earlier this year, Starbucks chairman Howard Schultz stated that cryptocurrencies like Bitcoin have not been able to appeal to the mainstream as of yet due to the lack of adoption by retailers. While major retailers in regions like Japan and South Korea have started to integrate cryptocurrencies, the level of adoption of major digital currencies still remains low.

“I personally believe that there is going to be a one or a few legitimate trusted digital currencies off of the blockchain technology. And that legitimacy and trust in terms of its consumer application will have to be legitimized by a brand and a brick and mortar environment, where the consumer has trust and confidence in the company that is providing the transaction,”

Related Post
said Schultz.

In the long-term, with sufficient adoption and usage, ivyKoin could become the business-focused cryptocurrency Schultz mentioned, as it allows corporations to utilize digital currencies without the risks and legal issues involved in utilizing cryptocurrencies, namely KYC and AML policies. Usually, upon the discovery of fraudulent operations, companies have to rely on exchanges or wallets do utilize their customer information database to verify identities and match them with transactions.

On the ivyKoin network, the built-in KYC and AML system autonomously handles KYC and AML requests, enabling conglomerates, retailers, and organizations to integrate cryptocurrencies without the legal risks otherwise existent with current blockchain solutions.

“Whether you believe in cryptocurrencies or not, the market has grown too large to ignore. Some banks will be participating in this space to grow their deposits and income. Financial institutions will need to make a call on whether or not they want to be a part of it. ivyKoin’s hypothesis is that value of cryptocurrencies will continue to grow and banks who engage will have a significant competitive advantage over their peers and competitors,” added the ivyKoin team, emphasizing that the cryptocurrency market has grown to a point in which both businesses and governments can either choose to ignore and be isolated, or adapt and lead the industry.

ivyKoin created a Telegram channel in order to facilitate the ongoing cryptocurrency discussion with interested parties. With over 3,300 members to date, the channel is a great place to find common answers to questions and provides the ability to interact with ivyKoin admins. Recently launching a competition to be judged through the platform, ivyKoin has asked followers to compare it to other leading altcoins. The winner will receive  a prize of 5,000 ivyKoin Tokens (current value US$500.00).

The competition is still open and the winner will be announced during the first week of April.

To participate in the competition and interact with the ivyKoin community, join the Telegram channel here: https://t.me/ivyKoinchat.

Guest

The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Share
Published by
Guest
Tags: IvyKoin

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

6 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

7 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

8 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

8 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

11 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

12 hours ago