Safello and Jumio team up to Speed up Bitcoin Verification Process

Europe Moves into the fast lane with Safello and Jumio

In a press release issued today, Safello announced they are set to dramatically speed up their verification process. The news is music to the ears of enthusiasts all over Europe as the integration of Jumio‘s identity document verification service will slash the length of the onboarding process for new users.  Safello has always been about safety and simplicity.  However, the announcement means new Safello customers will now have  a quicker and safer route into the realm of bitcoin. Direct payments are now supported in with support for GBP, SEK and EURO, by 87 banks in 11 countries across Europe and with the addition of the smoother verification process “The fast lane into bitcoin” can only get faster.

An End to Lengthy Deposit Issues

When it comes to setting up a new account with most of the big bitcoin exchanges, there is one particularly annoying step, revolving around making that initial deposit and getting yourself verified. However, Safello have come up with the solution to this  often long and  usually tedious issue. Safello CEO, Frank Schuil explains:

“What most newcomers to Bitcoin do not realise is that the popular peer-to-peer exchanges have deposit requirements that cause days or in extreme cases weeks delay. We have optimised our platform for the quickest turnaround time as we don’t require such initial deposits, but instead execute the trade directly to the market.”

There are no deposits required, but what about the verification process?

Getting Verified Is Simple with NetVerify

Jumio’s document authentication service, Netverify, allows Safello customers to simply hold up their identification documents to their camera, on whatever device they are using, to start the identification process. The system used, verifies whether these identification documents are legitimate and ensures customers are who they claim to be. The speed at which this is all performed has helped to improve the time it takes from first visit to delivery of bitcoins across Europe.

 “In Sweden we introduced Mobile Bank ID earlier this year as a verification method. It significantly improved the conversion rate and our customers loved it. We set out to find an equally reliable and compliant solution for the rest of Europe and found Jumio to fit all of our requirements.  – Sara Lindqvist, Compliance Officer at Safello “

In intergating with Jumio, Safello has also joined the ranks of like-minded bitcoin operators  as part of the Bitcoin Identity Security Open Network (BISON). These players have made the decision to incorporate Jumio’s NetVerify,  to improve customer verification processes and speed up the customer experience with bitcoin, right from the get go.

In a nutshell, there are no initial deposits, the verification process provided by Jumio is far quicker and because different kinds of direct payment are now supported by Safello and 87 banks across Europe, the process of setting up your first safe bitcoin account couldn’t be easier. Safe, Simple, Safello…just speedier to boot! Since it’s launch in July 2013 this innovative, forward thinking exchange has made huge strides forward, and this is just one more example of Safello leading the way in customer focused exchanges.

For more information check out Safello.com