The crypto and blockchain industry’s go-to encrypted messenger app Telegram has released a personal identification authorization tool, according to an official statement published July 26.
The tool, dubbed Telegram Passport, reportedly encrypts a user’s personal ID information and let’s users securely share their ID data with third parties, which the Telegram post elaborates on as “finance, ICOs, etc.” According to the post, users’ ID data will currently be stored on the Telegram cloud, but “In the future, all Telegram Passport data will move to a decentralized cloud.” The new tool is currently integrated with digital payment operator ePayments, which Telegram refers to in their post as the “first electronic payments system to support registration and verification” via the new tool.
This March, Telegram completed two $850 million closed funding rounds via the sale of the platform’s pending cryptocurrency TON, bringing its total funding to $1.7 billion.
Launched in 2011, ePayments says it provides payment services to more than 500,000 freelance customers and 1,000 companies worldwide.
This week Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI announced the trial of a retail coupon settlement system using blockchain technology to authenticate biometric data.
Once HeyGen’s AI-generated digital avatar is available to the public, users will be able to create a video with a real life-like digital avatar in just two minutes.
One week after introducing the Address Ownership Proof Protocol, or AOPP, the hardware wallet company backtracked on its decision due to customer privacy concerns.
Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use.
Utorg. io is a digital asset exchange based in the U. K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000.
