Solarisbank, a German Banking-as-a-Service company, has announced it signed a partnership agreement with Coinbase to provide the exchange with its know-your-client (KYC) infrastructure to verify users from Germany. The company said in a press release its technology allows users to pass the verification procedure without face-to-face interaction.
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"By integrating our fully digital KYC platform, we enable paper-free, fast, and automated onboarding, meeting Coinbase's high standards for a frictionless customer experience," said Delia König, Managing Director Identity of Solarisbank.
Coinbase's partnership with Solarisbank comes after Germany's financial watchdog, BaFin, granted the US-based exchange with permission to provide cryptocurrency custody services and trading. As of press time, Coinbase is the only cryptocurrency exchange to get such permission in Germany.
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