Thursday, September 27, 2018

Netki To Power Bitsy Cryptocurrency Wallet

Los Angeles-based identity verification and compliance provider Netki--which is backed by such firms as O'Reilly AlphaTech Ventures (OATV), Donuts, Colle Capital, The Husseini Group, The Digital Currency Group, Tom Turney, Bitfinex, Plug and Play, and Base Ventures--is helping to power a new cryptocurrency wallet called Bitsy, the company said today. Netki said it will provide machine learning and biometrics technology to facilitate regulatory compliance and application security for Bitsy, which is the cryptocurrency wallet being backed by Medici Ventures, the blockchain investment arm of Overstock.com. Financial impact of the win was not announced. Netki said it will provide key recovery and face unlock security features, as well as the app’s Know Your Customer (KYC) function. Netki's CEO is Justin Newton.