Big News 🚀 Quarterly Update: Verify, Q2 2018

Time for another quarterly update, ladies and gents. We’ve got quite a line up of announcements, so let’s dive right in. This update is broken down into 2 main sections: Verify Payments, and the Verify Protocol.

Wait, what? Verify Protocol? You thought we weren’t working on that for at least another few quarters, didn’t you? Well folks, we’ve spent the past quarter working on both solutions, with development on the protocol starting in earnest since late June. So without further ado, let’s jump into the announcements.

Announcement #1 — It’s now LIVE!🚀

Our flagship bank-to-bank payment solution has now commenced roll out across the Middle East region, this is the first-of-it’s-kind transfer solution and it’s finally here! We setup a demo website so you can check it out yourself.

https://demo.verifypayments.com/

This demo allows Emirates NBD account holders to donate to the Emirates Foundation, directly from their bank account. Emirates NBD is one of the largest retail banks in the UAE, and we’ve currently integrated with 10 banks across the Middle East with a 100% integration success rate.

Yes, that’s right: we’ve been successful in integrating every bank we’ve set our eyes on, and that’s a huge testament to our integration strategy and technical chops of our very talented technical team.

We’ve been successful in integrating every bank we’ve set our eyes on

The dream is starting to come together ladies and gents, and we’re excited you’ll now be able to experience this demo yourself.

3 clicks, and the transfer is done. Bank transfers have never been this easy!

If you don’t happen to have an Emirates NBD account, you can still use the “Verify” option from the bank screen to preview the checkout experience without any live credentials.

Here’s how you can test out the various flows:

Announcement #2: Regional Payment Service Provider partnerships to roll out country by country

These aren’t your regular, run-off-the-mill crypto partnerships. We’re talking real deals with regulated entities that are now able to use our solution to accept real-time payments with minimal fees. We’re making an announcement with a large PSP in Bahrain soon, with several other regional announcements already in the works. These PSP deals make so much sense for both sides; we achieve regional expansion and transaction volume from day one, while they get all the benefits of the Verify Payments solution. Oh, and let’s not forget: more transaction volume means more CRED buybacks.

Announcement #3: Verify Protocol development already underway

We’re planning a release of the Verify Protocol within Q3 of this year, and we can’t wait to show you what it looks like! Development of the various parts of the solution including the Javascript integration library, the smart contracts and the dashboard is well underway. We’ll begin with a roll-out to the Ropsten testnet before transitioning to the Ethereum mainnet following the conclusion of the trial period.

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We’d love to get your questions / feedback: [email protected]