NSAV Introduces AI-Managed KYC and Enhanced FIAT Onramp and Offramp Capabilities on NSAVx.com CEX Exchange
Net Savings Link (NSAV) has announced the integration of AI-managed Know Your Customer (KYC) protocols to improve its FIAT Onramp/Offramp services on the NSAVx.com CEX Exchange. These enhancements include real-time payments (RTP), ACH, PayPal, and custom onboarding options with Cash App and Venmo.
AI-managed KYC will feature document verification, facial recognition, and data checks to ensure regulatory compliance, enhance security, and improve user experience. This integration aims to make NSAVx.com a trusted platform for digital and fiat currency transactions.
Additionally, NSAV is finalizing underwriting with two international credit card merchants to enable crypto purchases via credit and debit cards. This development is expected to generate several million dollars a month in new transaction fee revenue.
- Integration of AI-managed KYC enhances security and regulatory compliance.
- Real-time payments (RTP), ACH, PayPal, Cash App, and Venmo support streamline transactions.
- Broadened access with multiple fiat currencies supported, including USD, GBP, EUR, and others.
- Final stage of underwriting with two international credit card merchants for crypto purchases.
- Expected to generate several million dollars per month in new transaction fee revenue.
- Potential challenges in ensuring seamless integration of AI-managed KYC.
- Uncertainty regarding the actual increase in transaction fee revenue.
- Possible delays in finalizing underwriting with international credit card merchants.
LONDON, UK / ACCESSWIRE / May 22, 2024 / Net Savings Link, Inc. (OTC PINK:NSAV), a cryptocurrency, blockchain and digital asset technology company, announced today the integration of AI-managed Know Your Customer (KYC) protocols to enhance its FIAT Onramp/Offramp services on its NSAVx.com CEX Exchange https://nsavx.com/ . These enhancements include real-time payments (RTP), ACH, PayPal, and custom onboarding options with Cash App and Venmo.
Advanced KYC Integration: The NSAVx.com platform now uses artificial intelligence to perform rapid and accurate identity verification, which includes:
- Document Verification: Automatic scanning and validation of government-issued documents.
- Facial Recognition: Live comparison of user photos to ID documents to confirm identities.
- Data Checks: Verification of user-provided data against public and private databases.
Importance of AI-Managed KYC:
- Regulatory Compliance: Ensures adherence to global anti-money laundering (AML) regulations.
- Enhanced Security: Protects against fraud by verifying the identities of all platform users.
- User Convenience: Streamlines the verification process, improving the overall user experience.
- Trust and Credibility: Strengthens the integrity and reliability of the NSAVx platform.
- Market Access: Guarantees compliance with jurisdictional AML requirements for using FIAT transaction services.
Improved Onramp/Offramp Services:
- Onramp: Enables the conversion of fiat money into cryptocurrencies using diverse payment methods, facilitating easy access to the digital asset market.
- Offramp: Allows users to convert their cryptocurrencies back into fiat currencies, supporting the withdrawal of funds into traditional banking systems.
FIAT Currencies Supported: The platform now supports multiple fiat currencies, including USD, GBP, EUR, AED, AUD, BRL, CAD, TRY, HKD, and MXN, broadening access for international users.
Underwriting with Credit Card Merchants: NSAV is in the final stages of underwriting with two international credit card merchants to allow crypto purchases via credit and debit cards, with NSAVx.com managing client interactions while the merchants assume chargeback liabilities.
NSAV released the following statement, "By integrating AI-driven KYC into our operations, we underscore our commitment to regulatory compliance and anti-money laundering standards globally. As we advance our digital asset licenses, our robust KYC framework not only demonstrates our seriousness about AML but also enhances our service offerings, ensuring NSAVx.com remains pivotal for both new and existing users in managing their investments across fiat and digital currencies. By adding these features to our exchange, we forecast adding several million dollars a month in new transaction fee revenue, as we roll these services out to our growing customer base."
NSAV's vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. The Company drives innovation in the digital currency space by developing advanced blockchain technologies, digital assets, and market solutions that bridge the gap between traditional business frameworks and the future of decentralized technology. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
For further information please contact NSAVx.com at hello@nsavxmail.com
The NSAV corporate website can be accessed at https://www.netsavingslinkinc.com
The NSAV CEX website can be accessed at https://nsavx.com/
The AirdropX.co website can be accessed at https://www.airdropx.co/
The Swopx.io website can be accessed at https://www.swopx.io
The NSAV Stock information website can be accessed at https://www.nsavstock.com
The NSAVx Token website can be accessed at https://www.nsavxtoken.com/nsavx-token
The NSAVx Discord Server can be accessed at https://discord.com/invite/7Q2Vv5NmKd
The NSAV Twitter account can be accessed at https://twitter.com/nsav_tech
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
Contact
Net Savings Link, Inc.
Media Contact
Organization: Net Savings Link Inc
Contact Person: James Tilton
Website: https://www.nsavholdinginc.com
Email: info@nsavholdinginc.com
Contact Number: +17185698815
Address: 26 Grosvenor Street, Mayfair
Address 2: W1K4QW
City: London
Country: United Kingdom
SOURCE: Net Savings Link Inc
View the original press release on accesswire.com
FAQ
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