Financial services provider Everest will provide Polygon developers and users with access to biometric IDs, eKYC/AML and the $CRDT stablecoin.
Integration with Everest should allow developers using Polygon to create DeFi protocols for platforms with native eKYC, fiat conversions, and the Everest $CRDT stablecoin. It becomes possible to customize the use of $CRDT, for example, for placing fiat deposits, or to limit the use to a specific purpose, a specific seller, or a period of time.
Users will be able to store $CRDT in Polygon wallets, access resources and addresses, and move their assets between DeFi and traditional finance via the Everest payment gateway network:
“With interoperability between Everest and Polygon, partners and users can transact across regulated bridges between DeFi and TradFi. New technologies will enable the creation of identity-based services, new types of DeFi, and additional capacity on the Polygon network,” said Everest CEO Bob Reid.
The Everest platform provides access to digital banking services: opening a virtual account, transfers, currency conversion, loan processing. And also to the infrastructure for interaction with government agencies – with biometric identification of a person and electronic document management. For holders of crypto assets, Everest promises support for cryptocurrency wallets, control of financial transactions – including compliance with the requirements of the Financial Action Task Force on Money Laundering (FATF), as well as automated reporting.
In mid-2021, the integration with Polygon was announced by the OKcoin cryptocurrency exchange, which added blockchain support to reduce transaction fees and direct access to DeFi projects without a wallet on the Ethereum network. Previously, two platforms developed by ConsenSys – Infura and Truffle – also integrated with Polygon, which allowed developers to run decentralized dApps on its basis.
