BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership
Cointelegraph
Published Apr 03, 2020 06:55PM ET
Updated Apr 03, 2020 08:40PM ET
Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this number could grow even larger.
Unsurprisingly, the trillion-dollar banking industry has already expressed interest in digital identity solutions. For example, Everest, a blockchain-based digital payments provider, has recently formed a partnership with BRI Remittance, a subsidiary of one of Indonesia’s largest banks. Everest has been collaborating with BRI to offer bank users a blockchain-based digital commerce platform that will allow Indonesians and Europeans to easily exchange value across international borders.
Related: Blockchain Digital ID — Putting People in Control of Their Data/h3
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Written By: Cointelegraph
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