Big milestone for StellarProof
https://t.co/od28xqRBcB is now registered
Our reusable identity layer for @StellarOrg is one step closer to launch
Verify once, accepted at every anchor
Follow along as we build
3.6 billion transactions, 10M+ active accounts, 100+ anchors on the @StellarOrg network
still, every user starts identity form scratch.
The infrastructure for moving money works.
The infrastructure for knowing who is moving it does not.
That is the gap we are filling.
Maria found 3 Stellar apps with better rates than Western Union.
Each one: upload passport, ID, selfie. Wait.
Same person. Same passport. Three times.
She did everything right. The system failed her.
This is the problem we're solving.
@StellarOrg wrote this goal into SEP-12:
"Allow a customer to enter their KYC information once and use it across many services without re-entering manually"
That was the plan,
Nobody built the infra to achieve it.
StellarProof is that infra achieve it
@StellarOrg wrote this goal into SEP-12:
"Allow a customer to enter their KYC information once and use it across many services without re-entering manually"
That was the plan,
Nobody built the infra to achieve it.
StellarProof is that infra achieve it
Numbers every @StellarOrg anchor should know:
60-80% - KYC drop-off rate
$1.35 - cost per check including failures
100+ - anchors making users re-verify from scratch
The pieces exist.
Nobody connected them.
Now we do
Numbers every @StellarOrg anchor should know:
60-80% - KYC drop-off rate
$1.35 - cost per check including failures
100+ - anchors making users re-verify from scratch
The pieces exist.
Nobody connected them.
Now we do
Maria found 3 Stellar apps with better rates than Western Union.
Each one: upload passport, ID, selfie. Wait.
Same person. Same passport. Three times.
She did everything right. The system failed her.
This is the problem we're solving.