Safello, "the fastest lane to bitcoin", brings on Jumio to make it even faster

Safello is looking to make Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term buying even faster by bringing in outside help to expedite its customer verification process.

Safello is the broader Europe's equivalent of a Bittylicious: it gives you the ability to buy or sell bitcoins instantly with multiple payment options. It allows buy/sell order entry for future fulfillment without going so far as to behave like a full-blown Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. They currently support 87 banks in 11 countries.

They have brought on Jumio, which lets you "turn your customer's computer or smartphone into a credit card scanner." Jumio enlists Netverify, who verifies online and mobile identities in real-time, effectively providing a near-instantaneous know-your-client (KYC) function. Customers will be able to scan their ID document with their device camera.

By verifying a customer's payment source and identity in near real-time, a trade can be made immediately made on an exchange, allowing Safello to guarantee their quoted price to the client.

Mark Barach, CMO at Jumio, said:

"More and more Bitcoin operators are ready and willing to embrace customer verification through Jumio's automated identity authentication service. Safello are one of the new operators driving a quicker, slicker customer experience in Bitcoin by incorporating new technologies like Jumio's Netverify along the way. We are also delighted to announce Safello as a new member of BISON, the Bitcoin Identity Security Open Network, where they join likeminded Bitcoin operators who have chosen to embrace customer verification processes."

This is part of another growing trend to make Bitcoin easier for the masses. Bittylicous, which brands itself to help you quickly buy bitcoins, recently added more payment options to make it even easier. Bitcoin wallets like KryptoKit and bitcoinwallet.com have also gained popularity by simplifying the process and introducing social netwroking elements.