London, UK, Jan. 31, 2022 (GLOBE NEWSWIRE) — The KYC project of KYC&AML.ltd company includes a KYC Coin, a mobile wallet for iOS and Android, a desktop wallet and a web wallet. The KYC Check verification and identification system and the KYC Exchange crypto platform for the exchange of all cryptocurrencies are also under development. The task of the developers is to ensure that each user can easily and safely use different cryptocurrencies in one wallet.

Some of the solutions offered by KYC Coin include easy branded card linking, multi-chain support, instant cryptocurrency exchange, commission-free transfers and many more.

KYC Coin is not just another coin that can be used as a means of settlement or an investment vehicle. In fact, the KYCC solution is a hybrid project that aims to change the operations that people are used to.

Each user, regardless of their place of residence, has the possibility of ordering a personalized card. It is not just a means of withdrawing cryptocurrencies, as is often the case with competing projects, but a real cryptocurrency payment tool. Any cryptocurrency supported by the wallet and available on the user’s balance can be transferred to the card balance. Thus, the brand card and the wallet are two hubs that simplify the use of cryptocurrencies and in fact contribute to their closer integration in the real world.

When it comes to exchanging cryptocurrencies for fiat currency, the main issue is paying the commission. But at the same time, you have to wait several to several tens of minutes. Sometimes, especially when it comes to the exchange transaction in the evening, this causes a lot of discomfort. The KYCC wallet allows instant exchanges thanks to the built-in conversion function. It receives real-time updated conversion rates from Chainlink and other decentralized oracles. In this way, users can perform instant transactions, which are also subject to minimal fees.

Transferring money is one thing; receive – quite another. The traditional way of accepting payments often involves a process called invoicing. The merchant must create a payment request, send it via chat, and then wait for the payment to be received. In a KYCC environment, it is much easier. If the recipient of the funds works with a number of clients, he can add them to his contact list. Thus, the payment request is not made by sending an invoice, but by selecting a user from the contact list. Simply select the person to send the payment request to, specify the amount of money, choose the cryptocurrency and press “Send”.

Customers pay for goods and services differently at different times. While it was customary to take paper money out of a wallet and hand it to a vendor to get change in the form of paper banknotes and metal coins, the most common way is now to use a bank card. And yet, bank cards can no longer be qualified as a progressive means of payment. Shake To Pay is a way to pay for goods and services by shaking a smartphone. Suppose someone needs to make a money transfer to a friend who is nearby. They just need to shake their smartphone and the devices will detect each other. This way, the transfer can be done automatically in any cryptocurrency available in the wallet. This payment method is extremely convenient when a supplier needs to accept a large number of small payments. Street vendors, micro-entrepreneurs, taxi drivers and other traders accept dozens or hundreds of payments per day. Shake to Pay becomes a simple, direct and secure way to transfer money in various situations.

During the development of the KYCC project, the most advanced technologies were applied, which have proven themselves from the best side. In particular, the POS (Proof of Stake) mechanism ensures speed and security. The proof-of-stake mechanism has many advantages over proof-of-work. One of them is that any user with tokens can participate in maintaining network stability, rather than one who is willing to invest in expensive equipment. This is evidenced by the name of the protocol itself. Using the point of sale, the network enables fast and secure transactions. There is no need to use excessive amounts of electricity, as is the case with many well-known coins, especially classic bitcoin.

Since anyone can participate in staking, there are a large number of stakers. Each of them contributes to the stability and security of the network. Staking and mining in the KYCC network is simple and straightforward. These processes make it possible to earn passive income without the cost of purchasing specialized equipment. Staking is an easy way to earn money. It involves locking a certain amount of coins and directing them to maintain the stability of the network. Masternodes are an option for business users. A masternode is an additional node in the network that stores a copy of the blockchain. This way, if the network is attacked, a copy of the transactions is still stored and can be retrieved.

The KYCC network has a large number of stakers and masternode holders, so its security is not at risk. Notably, at any time, a user can terminate their participation in the rewards program, which results in the return of all locked coins in their possession. This variability attracts a large number of participants, thus making the network increasingly secure.

This ease of earning passive income and the ability to join or leave the rewards program is made possible in part by the fact that the network is based on the Proof of Stake mechanism rather than the Proof of Work mechanism.

The KYC project team is made up of a group of highly qualified experts, each with previous experience working on different types of projects. The team is led by two sisters, Alexandra and Maia Kolitova. Their joint work on the KYCC project is an example of coordinated leadership activities of two women, which is quite atypical in the modern cryptocurrency environment.

KYC & AML CHECK will help identify customers in various institutions and provide a high level of protection. The services will be available with a nominal fee only to KYCC coin holders, which will help ensure its liquidity in the future. The KYC EXCHANGE cryptocurrency exchange will provide an enhanced range of services, compared to other exchanges, for investors and traders.

Potential users can visit their website for more information and connect with the community on Telegram.

Website: http://www.kyccoin.io/