Wowoo, a blockchain-based service platform project for its community members, announced that Wowoo Exchange’s KYC approval process started in late last month, according to its SNS.
Wowoo Exchange is aiming at a truly global and compliant digital assets platform via partnering with various regulated Exchanges in the form of JVs and franchises to provide pair-trading of all digital assets for users in a cost-effective manner.
The Exchange will use YOTI’s KYC approval system. YOTI is a UK-based digital identity platform provider for completing ID and multifactor approval. Adopting YOTI system will allow one-stop approval among several exchanges, with security and simplified procedures for users’ benefits.
WWX, Wowoo Exchange’s token, will be distributed accordingly per approved accounts.
Wowoo Exchange will handle a number of cryptocurrencies and fiat currencies while the Exchange would acquire various types of trading license each country to manage security tokens. The implementation of STO support system is also planned.