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Bitkub Exchange Collaborates with National Digital ID to Launch Digital Identity Verification System

Bitkub Exchange Partners with National Digital ID for Digital Identity Verification System

In an exciting development for the digital asset industry, Bitkub Exchange has joined forces with National Digital ID (NDID), a company that provides digital infrastructure services. Starting today, NDID will launch its ‘Digital Identity Verification System’ service for the first time.

Bitkub Online Limited Company, also known as Bitkub Exchange, is a digital asset trading center that offers services to the public. The company has officially announced its collaboration with National Digital ID Company Limited, known as NDID. This partnership aims to introduce the digital identity verification system provided by NDID into the identity verification (KYC) system for Bitkub Exchange’s digital asset accounts, starting on September 5, 2023.

Bunsan Prasitsamrit, General Manager of National Digital Identification Company Limited, expressed his enthusiasm about the collaboration, stating, “The platform provided by NDID offers a secure identification and verification method that complies with the Electronic Transactions Act. With NDID’s support, we can provide E-KYC to verify and authenticate identity online with a 100% success rate. We have successfully demonstrated this capability with account openings across various banks. The Anti-Money Laundering Office (AMLO) has acknowledged that this system can be used for opening a digital asset account. NDID does not store any personal information and complies with legal requirements to ensure secure transactions.”

Atthakrit Chimphalapiboon, CEO of Bitkub Online Company Limited, expressed his belief that integrating NDID’s services will enhance Bitkub’s customer service. He stated, “Bitkub Online has always prioritized product development and customer service. We are committed to complying with new regulations and finding ways to provide excellent systems for our customers. With NDID, we believe we can meet our customers’ needs and provide them with benefits. Firstly, customers will no longer need to visit other locations for identity verification. It can now be done instantly through our mobile application. Additionally, customers who have previously opened accounts with other service providers, such as banks, can directly transmit their information through NDID. They will no longer need to fill in all the information themselves. NDID serves as an additional identity verification channel that offers convenience to our customers.”

NDID, an identity verification service under the Bank of Thailand’s Regulatory Sandbox, enhances trust in the Bitkub platform. Phongsakorn Sutantayawalee, Chief Product Officer of Bitkub Online Co., Ltd., explained, “NDID is connected to identity registration and verification service providers such as banks, which have already verified customer information. Many customers already have these applications on their phones, so having NDID on the Bitkub platform further streamlines the process of verifying customer identities and builds additional customer confidence. Moreover, NDID has stringent standards and is designed with decentralization and blockchain technology, which ensures the secure management of personal information from testing to delivery.”

To provide even greater convenience, Bitkub Exchange has introduced identity verification at Counter Service points in 7-Eleven Stores. The NDID identity verification system on the Bitkub Exchange is available starting today, September 15, 2023.

**Note: To learn how to register for each service provider, please refer to the following links:
– Siam Commercial Bank (SCB) [click here]
– Bangkok Bank (BBL) [click here]
– Bank of Ayudhya (BAE) [click here]
– Kasikorn Bank (KBANK) [click here]
– Kiatnakin Phatra Bank (KKP) [click here]
– CIMB Thai Bank (CIMB) [click here]
– Government Housing Bank (GH BANK) [click here]
– Thanachart Thai Military Bank (TTB) [click here]
– Government Savings Bank (GSB) [click here]
– Bank for Agriculture and Agricultural Cooperatives (BAAC) [click here]

Update on another move in the digital asset industry. That is a digital asset trading platform. Bitkub exchange shake hands with THEN (National Digital ID) The company that provides digital infrastructure services is launching its ‘Digital Identity Verification System’ service starting today for the first time.

Bitkub Online Limited Company or Bitkub exchange It is a digital asset trading center that provides services to the public. He came out to announce an official collaboration with National Digital ID Company Limited (National Digital ID or NDID) Bringing the digital identity verification system with NDID to be used in the identity verification (KYC) system along with the company’s digital asset account on September 5, 2023.

Bunsan Prasitsamrit Mr. General Manager of National Digital Identification Company Limited Mentioning this collaboration “The platform provided by NDID is a secure identification and verification method. and has standards, including Electronic Transactions Act With support, NDID can provide E-KYC to verify and verify 100% identity online. We have proven this with opening accounts across banks. In this way The Anti-Money Laundering Office (AMLO) has admitted that It can be used for opening a digital asset account. NDID does not store any information and has clear legal implications to support transactions.”

Atthakrit Chimphalapiboon CEO Bitkub Online Company Limited It was mentioned that NDID access will help improve Bitkub’s customer service by

“Bitkub Online is an organization that has always placed importance on developing products and providing services to customers. We are following the new regulations. and look for ways to develop a good system for customers at the same time

“For NDID, we think it meets needs and benefits customers. First, customers do not need to travel anywhere else to verify their identity. This can be done instantly through the mobile application. In addition, information about customers who have previously opened accounts with other service providers, such as banks or private companies that have joined NDID, can be sent directly through NDID Customers do not need do that. Fill in all the information yourself. NDID is another identity verification channel that meets the needs and provides convenience to customers.”

NDID (National Digital ID) is a digital identity verification service that is under the Bank of Thailand’s Regulatory Sandbox Apply to apply for or use services through various online channels, giving service users the convenience of applying for services and raising the level of online transactions to be more reliable and secure.

Mr. Phongsakorn Sutantayawalee, Chief Product Officer, Bitkub Online Co., Ltd. Give reasons why NDID can strengthen trust in the platform.

“NDID is connected to identity registration and verification service providers (Identity Provider / IdP) such as banks, which are considered to provide customer information that has already been verified. Each UDP is a service provider that provides customer information.” It is believed that many customers already have those applications on their phones, so having NDID on the Bitkub platform will improve the convenience of verifying customers’ identities even further. Including building customer confidence as well.

“Because NDID has received many standards. Moreover, the NDID system is designed under the Decentralized concept With Blockchain technology, the system administrator is National Digital ID Company Limited, we are quite confident in this system that manages customers’ personal information from ‘to test and develop it until it is delivered to customers.’

To add even more convenience, Bitkub Exchange has added identity verification at Counter Service points in a 7-Eleven Store (Dip Chip).The NDID identity verification system on Bitkub Exchange is ready to serve today. From 15 September 2023 onwards.

** Note: If you want to study how to register for each service provider. You can do this from the following attached link.

Siam Commercial Bank (SCB) click

Bangkok Bank (BBL) click

Bank of Ayudhya (BAE) click

Kasikorn Bank (KBANK) click

Kiatnakin Phatra Bank (KKP) click

CIMB Thai Bank (CIMB) click

Government Housing Bank (GH BANK) click

Thanachart Thai Military Bank (TTB) click

Government Savings Bank (GSB) click

Bank for Agriculture and Agricultural Cooperatives (BAAC) click

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