From online HYIP Ponzi schemes, responsible for stealing billions of dollars from unsuspecting victims to anonymous online payments for narcotics and child pornography; unsupervised digital currency has become a convenient medium for transacting illegal activity.
Any Internet business that accepts anonymous and pseudonymous payments, from unidentified digital currency customers, runs the risk of becoming a victim. In today's world, customer identification and payment verification are absolute requirements for any online payment platform.
GreenCoinX has implemented critical compliance policies and procedures for prohibiting the use of its digital currency by Internet bad actors.
Since the creation of Bitcoin and its innovative decentralized blockchain, the practical implementation of a Know Your Customer program has been impossible. Without the ability to identify customers and permanently connect a verified person to the operation of a cryptocurrency wallet, a majority of U.S. businesses, financial companies, and banks have refused bitcoin transactions. There is no current effort to add KYC or AML programs to the bitcoin platform.
However, a cryptocurrency alternative is available that offers a permanent solution for the identification of customers, merchants and wallet owners.
GreenCoinX was created, from the ground up, as an identifiable online digital currency for modern global commerce and financial transactions.
By design, GreenCoinX only allows customer accounts that have been carefully verified through a strict Know Your Customer compliance procedure that is comparable to programs used in commercial banks. Additionally, all GreenCoinX wallet IDs are permanently linked to the verified customer.
Cryptocurrency software experts designed GreenCoinX for compliant integration with regulated financial products and commercial payment networks throughout the world.
Any individual or business that is seeking to gain the advantages of blockchain technology, without the KYC risks that accompany bitcoin, can now employ the secure GreenCoinX platform.
GreenCoinX offers the blockchain's beneficial features paired with modern customer identification tools and financial practices. This system is a turnkey blockchain solution that promotes the integration of cryptocurrency payments with any existing regulated financial business, merchant service or government agency.
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