Add as a preferred source on GoogleWalletConnect and Socure Link Verified Identities to Self-Custody Wallets
The integration is intended for Socure’s bank, fintech and exchange customers, with uses including stablecoin transfer checks and prediction-market safeguards.
WalletConnect and identity-verification company Socure are pairing customer screening with proof of control over self-custody wallet addresses, giving Socure’s bank, fintech and exchange customers a way to connect verified identities with crypto wallets.
Socure will handle identity verification, fraud prevention and anti-money laundering screening. WalletConnect will let users sign with a self-custody wallet to prove control of an address without transferring funds. Socure will then add the verified wallet to the user’s identity record.
The integration’s listed uses include confirming the destination address for stablecoin transfers, meeting Travel Rule requirements and preventing multi-account manipulation in prediction markets.
Socure has also added identity checks to Circle’s Arc Onramp for fiat purchases of USD Coin (USDC).
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.