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Flinks Enters the Cryptocurrency Space
By Flinks on July 11th, 2017
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Our financial API will help bridge the gap between Bitcoins and traditional finance.
Flinks and Satoshi Portal are excited to announce their partnership, which aims to further bridge the gap between Bitcoins and traditional finance.
Specifically, Flinks API will help drive user adoption to the Canadian cryptocurrency platform by simplifying the onboarding process.
Flinks is able to instantly verify the bank account of a new user, replacing the traditional micro-deposit verification. For customers, this means moving from an unpleasant multi-step, 3 to 5 day process to a simple 1-step, 10 to 15 second process.
Flinks API also allows for frictionless money transfers without the need to ever handle an account or transit number.
Here’s what we’re able to accomplish for the Bitcoin exchange platform :
Know Your Customer (KYC): validate identity with the user’s full name, civic address, email address, and phone number.
Account verification: always deposit & withdraw in the proper account with the user’s institution, transit, and account number.
Balance verification: reduce non-sufficient funds (NSFs) by verifying the user’s real-time balance as often as necessary.