Centre, an open source technology project developed by Coinbase and Circle, has onboarded crypto exchange FTX and Alkemi Network as its latest partners to collaborate on Verite. Verite is a suite of shared decentralized identity protocols, developed by Center, to empower crypto-centric individuals and businesses by granting full control of personal information.
Supporting Verite's commitment to collaborate on shared decentralized identity standards, FTX and Alkemi joined the list of 14 cryptocurrency companies, which includes Coinbase, Circle, Hedera Hashgraph, Ledger, the Solana Foundation and more.
Verite launch partners include @circlepay , @blocks, @Algorand, @coinbase, @financialcomposite, @ConsenSysespresso systems, @hedera, @Ledger, @MMInstitucional, @ghost, @SolanaFndn, @SpruceIDand @StellarOrg
- CENTER (@centre_io) February 17, 2022
The Verite protocols are designed to help individuals and businesses keep track of their personal information and provide full control over how businesses use this information in the crypto economy. According to the company:
"Verite is returning autonomy over sensitive information to the individual while continuing to allow companies to engage with identity-verified participants."
Verite makes this possible by allowing users to cryptographically prove claims about their identities and carry those claims in the same crypto wallets where they store their digital assets. The center's executive director, David Puth, stated:
"We are pleased that our partners share our belief that Verite's identity standards will create a new level of clarity, privacy and convenience for all who transact in the crypto economy."
According to the announcement, the integration of the Verite protocol into smart contracts, applications and websites does not introduce anti-competitive or single-vendor dependencies:
โPeople will be able to use their credentials throughout the crypto ecosystem, making digital assets much more accessible to crypto natives and newbies alike.โ
Related: FTX expands to Europe with CySEC approval
On Tuesday, FTX also expanded its crypto services to Europe shortly after receiving regulatory approval from the Cyprus Securities and Exchange Commission.
Want to know where FTX is authorized and regulated?
check https://t.co/50ELyIX1cd!
The list grows every week.
โ SBF (@SBF_FTX) March 8, 2022
As Cointelegraph reported, Switzerland-based FTX Europe will serve European crypto clients through an investment firm licensed throughout the European Economic Area.
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