The latest developments in trust and identity in Financial Services as both businesses and consumers look to do more online.
US Bitcoin Exchange CoinRnr is now accepting miiCard.
CoinRnr helps people buy and sell bitcoin without long wait times or excessive fees. With orders processed the same day of purchase and the convenience of using your miiCard you can buy and sell bitcoin faster.
Verify Virtual Wallets for Bitcoin, Ripple, Litecoin, Dogecoin, PayPal and more
Following requests from our members and virtual currency services to be able to prove ownership of cryptographic currencies we are adding the Verified Virtual Wallet feature. This new feature allows miiCard members to create trust with the sites and individuals they trade with by connecting their virtual wallets to their miiCard online identity.
Virtual currencies such as Bitcoin are becoming more popular with lots of new services taking advantage of this decentralised peer-to-peer payment system. If you want to learn more about virtual currency this short Bitcoin video provides a good introduction »
In its second year, attendees to the PYMNTS Innovation Project 2014 conference at Harvard University discussed, debated and considered the rapid transformation of payments, with a focus on payment fraud prevention, a key area where identity has a very strong role to play.
There are many compliance, risk and user considerations a business will make when deciding whether identity is important to its success. However, there is often confusion around what identity means and why it is needed and so communicating with stakeholders about how identity is used can be a challenge.