Bringing secure and decentralized customer identity verification to the WAXEX Fiat gateways.
Stellenbosch, Western Cape, March 19, 2018
Waves African Exchange Pty Ltd, a Fiat gateway solution for the Waves Platform Blockchain Decentralized Exchange(DEX), today announced a strategic partnership with Civic Technologies Inc., the company revolutionizing digital identity with its Blockchain-based technology. The partnership brings trusted, secure identity services to decentralized exchanges with blockchain fiat gateway services and enables Waves African Exchange Pty Ltd to verify user accounts and comply with strict KYC policies, as well as provide secure multi-factor user authentications for user accounts.
“We are very excited to announce this new partnership as it greatly improves our service offering to our clients, by providing a more secure, and safer way to share sensitive information. It gives us a great sense of relief knowing that we are protected from data breaches associated with traditional centralized customer information management. By outsourcing our KYC services to CIVIC, we mitigate the risk of attracting hackers and identity thieves that are usually associated with traditional data management services in centralized systems that serve as a single point of failure. We are also assured of the authenticity of customer data via the immutable and secure blockchain information management services, making identity verification more reliable and cost effective,” said Waves African Exchange Director and CEO, Monika Van Zyl.
“We are pleased to welcome Waves African Exchange Pty Ltd to Civic’s Partner Network. This collaboration marks another milestone for Civic’s ecosystem and for on-demand, secure, and low-cost access to identity verification services,” said Civic CEO, Vinny Lingham.
Civic will help enable Secure Sign-On and Reusable KYC services across the fiat gateway services. This will help with identity protection and identity theft prevention and the associated risk management and enable us to customize access control for specific gateway services based on age and country to comply with individual geographic restrictions and future regulations. For more information about Waves African Exchange Pty Ltd, visit https://waxex.africa For more information about Civic or to become a Civic business partner, visit https://www.civic.com.
About Waves African Exchange Pty Ltd
Providing Africa with access to the International token marketplace via specialized fiat gateways to the Waves Decentralized Exchange. Link your private wallet via simple bank deposits, keeping your funds decentralized and more secure. Simple, Safe, Convenient. WAXEX tokens give you access to direct distribution loyalty rewards, special offers and discounts with our B2B business partners. So much more than just a token. For more information, visit https://waxex.africa.
Civic is a visionary blockchain identity-verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, and low-cost access to identity-verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017. For more information, visit https://www.civic.com.
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