follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Coinbase to Pursue Decentralized Form of Identification Following Acquisition  (Read 891 times)

Offline sirty143

  • Mythical
  • *
  • *
  • *
  • Activity: 8607
  • points:
    279282
  • Karma: 288
  • Trade Count: (0)
  • Referrals: 19
  • Last Active: March 28, 2024, 01:42:14 PM
    • View Profile

  • Total Badges: 27
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Cryptocurrency exchange and wallet service Coinbase has acquired San Francisco-based startup Distributed Systems Inc., which works on decentralized identity solutions, according to an August 15 announcement. In the blog post, B Byrne, project manager for Identity at Coinbase, said Distributed Systems will help the exchange work on new ways to validate and verify identity within its plans to develop an open financial system. With the new acquisition, Byrne says Coinbase will work toward a decentralized identity that will “let you prove that you own an identity, or that you have a relationship with the Social Security Administration, without making a copy of that identity.” See more for yourself, here.

Do you think the acquisition could really help Coinbase extend its offerings and subsequently expand into non-crypto financial products? Kindly share your thoughts in the comment/reply section below.

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod