Galxe Launches Passport V3 with Sumsub to Supercharge Web3 Onboarding

By: cryptosheadlines|2025/05/07 23:00:02

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Galxe, Web3’s leading decentralized super app, has unveiled Passport V3: its upgraded KYC solution that streamlines user verification and is now integrated with Sumsub, a leading KYC verification platform. With this new integration, Galxe Passport can ensure seamless and secure user onboarding for any Web3 business.Trusted by over 1 million users, Galxe Passport streamlines identity verification, enabling easy access to multiple decentralized apps and platforms, including Transak and Banxa, with a single verification. By encrypting identity data with a user-defined password, Galxe Passport ensures that only users can access their personal information, yet still use their passport to access financial platforms. Sumsub’s unrivalled security and compliance standards make it one of the world’s most reliable KYC partners. Used by global brands from Vodafone to Gate.io, Sumsub helps businesses stay compliant while making user onboarding frictionless. With SOC 1, 2, and 3 certifications, Sumsub has already verified over 1 billion users worldwide.Commenting on Galxe Passport’s integration with Sumsub as part of its V3 launch, Charles Wayn, co-founder of Galxe, says: “With Galxe Passport V3, we’re doubling down on security, compliance, and growth for Web3 projects. Our integration with Sumsub ensures businesses can onboard verified users with confidence, eliminating fraud, strengthening ecosystems, and driving real community engagement.”When Galxe Passport users choose to share their proof of age, country of residence, or other details, verification is conducted using zero-knowledge proofs, meaning no third party – including Galxe – ever sees the underlying data. Nonetheless, the information is fully verifiable, with Galxe’s integration with SumSub adding a further layer of integrity and trust for Web3 businesses that can block fake users, bots, and duplicate accounts.Inna Lyubashevskaya, chief customer officer of Sumsub, says: “This launch marks a crucial advancement in Web3 onboarding, and we’re proud to support Galxe with our secure and compliant identity verification capabilities. By integrating our trusted KYC processes, businesses can onboard and verify legitimate users with confidence, preventing fraud and ensuring compliance with global regulations. This collaboration not only enhances the security of Web3 ecosystems but also fosters trust and reliability, helping the industry scale in a safe and compliant manner.”Galxe Passport is purpose-built for businesses requiring KYC-verified users, particularly Web3 projects that need to meet regulatory standards like the EU’s MiCA (Markets in Crypto-Assets Regulation). By helping Web3 projects meet stringent regulatory requirements, Galxe empowers crypto exchanges, DeFi platforms, and tokenized real-world asset projects to onboard users while staying fully compliant with global regulations.To learn more about Passport V3, users can visit: https://www.galxe.com/passportAbout Galxe Galxe is Web3’s leading growth platform, trusted by over 33 million users and thousands of projects worldwide. Built on Gravity—Galxe’s ultra high-performance Layer 1 blockchain—the platform unifies onboarding, identity verification, automation, and user engagement into one seamless system. Industry leaders like Coinbase, Polygon, and Optimism use Galxe to activate and grow their communities and drive meaningful engagement across their product suites. By harmonizing fragmented tools into one unified growth engine, Galxe empowers future industry leaders to build smarter, scale faster, and engage more effectively.Users can learn more at www.galxe.comAbout SumsubSumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring, and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.Sumsub has over 4,000 clients across the fintech, crypto, transportation, trading, e-commerce, education, and gaming industries, including Bitpanda, Wirex, Avis, Bybit, Huobi, Duolingo, Kaizen Gaming, and TransferGo. The firm has citations in research published by global institutions such as the United Nations and Statista, as well as ongoing consultancy and engagements with INTERPOL.TagsBlockchainWeb3Source link

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

What are the differences between RWA 1.0 and RWA 2.0?

Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week

Overview of Important Market Events on April 27

The most Crypto group of people is becoming the least Crypto

Hong Kong Carnival × Bangkok Money 20/20 Observation Notes

MSTR STRC In-depth Study: The BTC Financing Flywheel Behind the 11.5% Yield

STRC is a well-designed financing tool that transforms fixed income demand into buying pressure for Bitcoin.

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."

The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

Overview of Important Market Events on April 28

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic