{"id":11485,"date":"2024-02-09T08:12:57","date_gmt":"2024-02-09T08:12:57","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11485"},"modified":"2024-02-09T08:13:13","modified_gmt":"2024-02-09T08:13:13","slug":"ramp-to-launch-simplified-kyc-process","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ramp-to-launch-simplified-kyc-process\/","title":{"rendered":"Ramp to Launch Simplified KYC Process!"},"content":{"rendered":"

Ramp is launching a new program to make it even easier for users to sign up and trade crypto – all customers need to provide is their tax ID number and a selfie.<\/p>\n

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You might like:\u00a0TOKEN2049 Starts in Dubai!<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n

The company believes that removing the requirement for a customer to submit a high-quality photo of their government-issued ID will encourage more people to sign up.\u00a0Ramp is first launching the service in\u00a0Brazil,\u00a0South America’s largest economy.<\/p>\n

\u201cBy reducing barriers to entry, documentless KYC can play a major role in driving mass adoption of digital currencies,\u201d<\/strong> said Ramp\u2019s Trading Director, Jose Jimenez-Mancha. \u201cWe are launching documentless KYC in Brazil first, and we will expand to other regions throughout 2024.\u201d<\/strong><\/p>\n

This update to the company\u2019s\u00a0KYC\u00a0policy follows its integration with Brazil\u2019s national digital payments platform, Pix.<\/p>\n

Announced in September<\/strong> last year, the move was also designed to make it easier for customers to sign up in the country, which is home to over\u00a0200 million people. Pix, which allows people to purchase goods and send money to each other using a smartphone app, is used by the majority of Brazilians.<\/p>\n

The Verification Process (Ramp)<\/span><\/h2>\n

The absence of a government ID photo requirement means Ramp will need to be extra careful to ensure its\u00a0KYC\u00a0protocols are working effectively and that people are who they say they are. However, the company said that Ramp does not work directly with the Brazilian government, but instead partners with a third party that can carry out the necessary checks.<\/p>\n

The company said the new initiative will help users hoping to sign up to platforms that have integrations with Ramp, such as\u00a0MetaMask,\u00a0TrustWallet,\u00a0BitPay\u00a0and others.<\/p>\n

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Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube\u00a0<\/strong><\/a>and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ramp is launching a new program to make it even easier for users to sign up and trade crypto – all customers need to provide is their tax ID number and a selfie. You might like:\u00a0TOKEN2049 Starts in Dubai! The company believes that removing the requirement for a customer to submit a high-quality photo of<\/p>\n","protected":false},"author":1,"featured_media":11495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2053,357,231,4236,4238,4237],"class_list":["post-11485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitpay","tag-kyc","tag-metamask","tag-ramp","tag-trustwallet","tag-verification"],"yoast_head":"\nRamp to Launch Simplified KYC Process! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ramp is launching a new program to make it even easier for users to sign up and trade crypto - all customers need to provide is their tax ID number and a selfie.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ramp-to-launch-simplified-kyc-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramp to Launch Simplified KYC Process! 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