Onyze formalizes agreement with Electronic ID signature for digital identification services

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In the Spanish financial sector, an agreement has recently been formalized between two players in the fintech market

In the Spanish financial sector, an agreement has recently been formalized between two players in the Fintech market: Electronic ID, a provider of digital identification services, and Onyze, a custody solution for digital assets. The latter informed Cointelegraph en Español of this agreement.

In a press release, they explained: „This agreement allows both companies to reinforce their value proposals; showing the great potential that the digital asset vertical is beginning to have within the financial sector, thanks to the professionalisation that the sector has been experiencing in recent months, with the arrival of new regulations in areas such as the prevention of money laundering, with the arrival of the 5th European Directive“.

Álvaro Alcañiz, co-founder of Onyze, said:

„Our position as a company has always been to offer an innovative digital solution that complies with all the legal requirements that have been established in the cryptoactive sector“.

Through this collaboration agreement, both companies affirmed that they continue in their commitment to offer trust and innovation, as the standards of their commercial proposals, in both business models.

Iván Nabalón, founder and CEO of eID, commented:

„We know that cryptoactives are going to generate an enormous impact on the financial industry, the economy and the lives of citizens in the coming years. The eID team is proud to have the collaboration of what we consider a visionary in this field, Onyze. I believe that this is a good time to promote this type of solution and that this agreement will be a reference in the European Union.“

In the communiqué they highlighted: „In this new reality that has emerged in the banking and financial sector, with respect to digital assets, both companies and investors see a clear opportunity to implement crypto-currencies in their business models, provided that these have a clear regulatory reliability, complying with the processes and procedures required by the main market regulators“.