Paydece and Civic Partner to Build More Trust in the Paydece Community

Today, we’re delighted to announce that Paydece and Civic have partnered to verify identities on Paydece, creating more trust across their platform.

Paydece is a decentralized P2P platform, where users can buy and sell stablecoins with fiat currencies, directly with their self custodial wallets. The transactions are driven completely by the users. Paydece only provides the platform built over a smart contract that escrows the crypto while the buyer makes the fiat payment. Once the payment is received by the seller, the crypto is released to the buyer.

Paydece is using Civic ID Verification Pass to verify government-issued identification on its platform. By authenticating identity information, Paydece will be able to comply with appropriate local anti-money laundering regulations and protect users from scams and frauds.

This partnership will help Paydece to achieve its ultimate goal… total decentralization and freedom. By delegating the task of verifying users to Civic, Paydece can build a safer community for its users all while leveraging the power of blockchain.

Creating Systems of Trust

Protecting communities from fraud, cheating and spam has been a challenging endeavor as more new attack vectors are introduced every day. That’s why Civic’s identity solutions leverage tokenized identity to protect an applications’ environment. Civic ID Verification Pass is on-chain and Web3 native, making digital identity a seamless part of the financial services experience. Civic ID Verification Pass is a non-transferable token stored in the user’s wallet, representing their verified digital identity, but it’s also completely private for the user.

Civic’s powerful identity and access management toolkit gates, guards and protects communities in more than one way, all without multiple vendors. Civic has served as a trusted advisor for many startups and has issued more than 925,000 Civic Passes.

Get a Free Civic ID Verification Pass!

Sign-up for Civic ID Verification Pass is easy. There’s no app to download or special eye-scanner for users to seek out. People can sign up through the integrated flow with Paydece from either their mobile phone or desktop, and new users never need to leave the Paydece platform to get their Civic Pass.

Also, to incentivize users to start verifying themselves and unlocking a full experience on the platform, Paydece will pay all costs associated with the first 200 users that complete the verification! Just contact Paydece through any social media to receive the cashback.

Need help? Please visit the Paydece Telegram group or X account. Or, get in touch with Civic on Discord or X.