Shyft, the global blockchain-based network that facilitates secure sharing of attested and compliant data, has announced the signing of a Letter of Understanding with EZ Exchange, a revolutionary security, service, and education-oriented cryptocurrency exchange platform. As part of this partnership, EZ Exchange will become a key participant in the Shyft Network, enabling seamless and secure data sharing within its global ecosystem of crypto exchanges.
About EZ Exchange
EZ Exchange is not just another exchange; it’s a platform to help facilitate the mass adoption of cryptocurrency by putting traders first, offering robust customer support, easy-to-use user interface, and security-first approach. This will ensure that beginner and advanced users never deal with a substandard customer experience when trading cryptocurrency.
Just like EZ Exchange aims to put users in control of their financial decisions, Shyft aims to put users in control of their private data, while helping companies navigate complex regulatory environments and protect user data integrity. In the crypto space, the costs of compliance and regulatory uncertainty create additional challenges for entities such as exchanges and ICOs and may carry unpredictable consequences and costs.
How will the partnership work?
We’re undertaking an ambitious plan to facilitate a secure transfer of private,
attested data to the benefit of global consumers and institutions. Shyft is building an innovative secure framework to tackle regulation and compliance requirements around KYC/AML and user identity.
According to Shyft Interntaional CEO Bruce Silcoff, “Consumers are continuously asked to provide personal data to access basic services, and they’re right to be skeptical. That repetitive and incessant data collection and subsequent data storage increase everybody’s risk profile. The way we treat sensitive personal information is broken. This partnership with EZ Exchange is part of our strategy to create fluid coalition alliances between organizations like exchanges and ICOs, to dramatically reduce the unnecessary and risky data overlap, and to secure the sharing of attested KYC/identity data between coalition parties. We’re thrilled to have found a terrific ecosystem partner like EZ Exchange, and look forward to working together.”
“Identity verification and how personal data is collected and stored are issues that take on greater importance every day. As a cryptocurrency trading platform, EZ Exchange is determined to ensure that our platform is compliant with global KYC and AML standards. At the same time, the security of user data is of the utmost importance. Our users must have complete confidence that their information is protected and safe,” says Russell Korus, CEO of EZ Exchange. “Enter Shyft. As a pillar of the cryptocurrency community, Shyft is building a revolutionary, global ID solution that is perfectly positioned to provide critical identity verification services, which will allow us to deliver the ideal experience to our users. EZ Exchange and Shyft share a value system which includes equality, inclusion, and accessibility of resources, all facilitated by the mass adoption of cryptocurrency. We are thrilled to be able to partner with an organization that aligns so well with our technology and values.”
This partnership will expand a well-developed ecosystem of partners in Shyft’s blockchain-based network needed to create a unified framework, allowing for the standardization of regulatory compliance and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML). Through participation in the Shyft ecosystem, Shyft is building a more financially-inclusive and efficient future for everyone.
For more information on EZ Exchange please visit www.ezexchange.com
Shyft is building the world’s first modern, secure, multi-stakeholder Blockchain-based trust network that enables KYC/AML attested data transfers. Join our Telegram (https://t.me/shyftnetwork), follow us on Twitter (https://twitter.com/shyftnetwork), GitHub (https://github.com/ShyftNetwork) and other channels found on https://www.shyft.network