Liquid Inc., the company responsible for the widely recognized Japanese eKYC solution “LIQUID eKYC”, announced on August 10, 2023 a strategic partnership with Binance, the world’s largest cryptocurrency exchange by trading volume and users.
In the initial phase of this partnership, Liquid’s identity verification service, LIQUID eKYC, will be delivered to Binance Japan. The service uses top-notch facial authentication through unique AI-based image processing capabilities, ensuring smooth identity verification in compliance with each country’s legal and security framework.
Takeshi Chino, General Manager for Japan at Binance, emphasized the importance of the collaboration, stating: “Binance’s robust KYC framework plays a vital role in protecting the platform, users and community, and the entire ecosystem from potential threats. We are excited to launch our Japanese platform in a fully compliant manner with strict and comprehensive eKYC solutions powered by Liquid. Binance will continue to maintain a high standard of security and compliance in Japan.”
LIQUID eKYC is known for its low drop-off rate, thanks to its superior facial recognition and ID document image recognition technologies. It has been implemented in various industries, including banks, cryptocurrency exchanges, Web3-related services, telecommunications companies, second-hand goods buyers, the sharing economy, dating applications, and metaverse-related services.
Hiroki Hasegawa, CEO of Liquid, expressed his satisfaction with the partnership, saying, “We are excited to provide the necessary service that will enable them to continue serving more users in a secure and compliant manner.”
Liquid strives for a seamless world in which all 7.7 billion people can use services easily and securely through automatic and ubiquitous authentication. They provide digital ID, KYC and authentication services and adapt flexibly and quickly to changes in legal and security frameworks.
This partnership between Liquid and Binance represents an important step towards improving the security and compliance of cryptocurrency exchanges in Japan. By integrating Liquid’s advanced eKYC solution, Binance strengthens its commitment to providing a secure and regulated platform to its users in the Japanese market.
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