Buying Digital Assets Made Easy (Part Two)
by Dane Keller Rutledge, Esq.
The Volentix Digital Assets Ecosystem (DAE) partners with the payment services provider Zixipay in order to offer a method by which qualified purchasers may buy Volentix’s native digital currency VTX in exchange for so-called “fiat” currencies. Thus, Zixipay allows purchasers who satisfy its KYC/AML/CFT and location restriction filters to pay for VTX with two popular national currencies (the United States Dollar and the Euro) or with the digital currencies Bitcoin and Ethereum.
By partnering with Zixipay, Volentix is able to clear purchasers for purposes of KYC/AML/CFT and location restrictions, without Volentix directly obtaining, holding, or being responsible for any personal identity data from those purchasers.
Although purchasers may liquidate Bitcoin or Ethereum as a means of payment, some buyers may prefer to use traditional national currencies to acquire VTX, including by use of credit cards and debit cards. Zixipay provides that service for Volentix community members.
Zixipay’s Know Your Customer, Anti-Money Laundering and Combating the Financing of Terrorism Policy embraces Financial Action Task Force (FATF) international recommendations and methodologies. The policy is implemented “to prevent and mitigate possible risks of ZixiPay being used in any kind of illegal activities.” Zixipay seeks “to prevent money laundering, terrorist financing, drug and human trafficking, proliferation of weapons of mass destruction, corruption and bribery and to take action in case of any form of suspicious activity from its users.”
Dane Keller Rutledge, Esq., is an attorney, a scientist, and the creator of the Digital Assets Ecosystem Base Code (DAEBC)
CAUTION/DISCLAIMER: Please do not take any of what is written in this article as legal advice (or, for that matter, as advice of any kind). One should always seek advice of one's own legal counsel and/or other relevant professionals.
Copyright 2019
Dane Keller Rutledge
All rights reserved
Didnt know about volentix! Nice Followed!
Thank you for this valuable post. I will check Zixipay as soon as possible.Thank you again
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Thanks for posting. Will check out this project
@volentix . Your crypto post is great . Its #amazing . Thanks .good luck .
Thanks for the info. I never heard of Zixipay before, but I’ll check them out 🙏🏾
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thanks for your post i think this can help lot of people interested on crypto currency. i upvoted, you deserve it
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Another new exchange
but this new exchange is not just an exchange... volentix.io you should learn more about what the Volentix DAE is
Money laundering is actually not an immoral thing. It simply means the money is not being extorted by governments and central banks. Governments extort money to fund wars and prisons and mass surveillance and other evil practices that allow it to propagate itself.
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