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BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

Published 04/03/2020, 06:55 PM
Updated 04/04/2020, 09:00 PM
BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

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

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