Paxful has partnered with Chris Wijnia Design to create a proof-of-concept payment app for web and mobile that focussed on compliance in an ever-changing regulatory landscape.
Paxful is already well-known in the sector for creating peer-to-peer cryptocurrency exchange services that don’t require bank accounts or credit cards.
The app combines aspects of its existing platform with new features, including:
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An updated user interface that allows users to easily navigate the app and make transactions faster.
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A more streamlined process for onboarding new users, which will allow them to get started more quickly than was previously possible.
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Additional security features that make it easier for users to protect their accounts from unauthorized access or misuse by hackers or other malicious actors
Paxful’s experience in the crypto industry has been invaluable in helping to develop the new payment app. It has been instrumental in shaping the company’s product roadmap and ensuring that it meets the needs of its users.
The new app has a heavy focus on compliance in order to meet the growing demand for KYC and AML from regulators. With AI-based features to check a user’s identity; these include face recognition, documents checks and liveliness detection.
Users are be able to:
- Send money to anyone in the world
- Receive money from anyone in the world
- Make payments through hundreds of payment channels
Paxful Crypto Payments is currently available in closed beta form on the App Store and Google Play.