Blockchain Identity Startup, Velix.ID, Partners with Cryptocurrency Exchanges for KYCs

Velix.ID — a RegTech Blockchain startup, working in the Identity Verification Space — is partnering with Cryptocurrency Exchanges in India to improve upon the existing KYC processes. The initial cryptocurrency exchanges to confirm the partnership with Velix.ID are Coinsecure & Bitxoxo, two of the largest Bitcoin exchanges in India. On the partnership with Velix.ID, Mohit Kalra, the CEO of Coinsecure, said: “The current process of KYC and identity verification is too troublesome and tedious for us as a Cryptocurrency Exchange and a cause of significant loss of business. I personally believe that with Blockchain Technology, this process can be improved