Jumio’s Netverify to provide KYC and anti-money laundering compliance for exciting new venture.

Jumio, the leading digital ID verification company today announced that Krypto Commerce, a Spanish based crypto-currency specialist has chosen Jumio to provide know-your-customer (KYC) and anti-money laundering (AML) services for their new product, the PoolMiners Card.

The PoolMiners Card is a prepaid debit card that uses crypto-currencies in place of dollars, pounds and euros. Over 100,000 merchants globally accept crypto-currencies such as bitcoin and sarcoins. This new card is further proof of how crypto-currencies are moving into mainstream finance and commerce.

The PoolMiners Card is an online only product, with no physical branches, where IDs can be checked prior to opening an account. Jumio’s Netverify will help to validate IDs, and fulfill required rigorous KYC and AML laundering checks.

Customers can simply scan their passport with their mobile device to swiftly and accurately verify themselves and then start taking advantage of their new PoolMiners account and card.

Robert Prigge, Chief Revenue Officer, Jumio, said:

Crypto-currencies are a driving force in commerce and finance. What started as a niche currency is becoming part of the financial norm. The PoolMiners Card is a critical part of this revolution and we are pleased Jumio can provide the advanced verification technology required to bring it to market.”