ARGOS ID Presents the World’s First Travel Rule Solution for Unhosted Wallets
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Seoul, South Korea, 14th November, 2022, Chainwire
ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage.
As of the FATF guidance on verifying the originator and beneficiary information on virtual asset transactions, knowing the identities of the crypto wallet holders have been required. In order to comply with the FATF’s guidance regarding unhosted wallets, jurisdictions have started applying enforcement and supervisory measures to local VASPs.
To jurisdictions looking for a simplified Travel Rule solution, especially for personal crypto wallets, ARGOS ID plays a key role. ARGOS ID brings the following benefits to VASPs:
Easy connection to unhosted wallets
With ARGOS ID, crypto wallet holders can easily verify the information of their multiple crypto wallets. Creating a crypto wallet is done without submitting any personal information. In order to verify the holder of the crypto wallet, it is necessary to verify the identity information of the wallet holder. ARGOS ID helps on identifying the unhosted wallet users to both the originator and the beneficiary.
After the creation of the ARGOS ID users can connect to multiple crypto wallets such as MetaMask, Phantom, WalletConnect, and more with just a one-time identity verification process(KYC).
Digital ID suitable for Web 3 environment
ARGOS ID provides an ideal environment where individuals can manage information by themselves. It is suitable for the Web 3
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