Civic (CVC)

Civic (CVC) is a cryptocurrency token developed by U.S.-based blockchain technology company Civic Technologies Inc. It is designed to be the world’s first identity verification and authentication platform underpinned by distributed ledger technology. Civic was founded by identity security visionary Vinny Lingham and is designed to give consumers and businesses a secure, convenient and hassle-free way to verify one another’s identity. Civic simplifies and streamlines the verification process using technology such as biometric authentication, secure document submission and blockchain technology. Instead of manually checking every identity document and document, Civic verifies dynamic credentials through their encrypted technology. This secure and user-friendly system could revolutionize the way we deal with identity verification and authentication. Civic supports both businesses and consumers, allowing businesses to verify customer identities, onboard new employees and securely access stored credentials. Consumers can create digital identity profiles, access existing digital credentials, and receive notifications of any changes in their digital identities. Civic also has a Payment Gateway built into their platform which allows businesses and consumers to accept payments in the digital world and significantly reduce the cost of transactions. What makes Civic unique is its social security number-like system and open source blockchain. The platform is designed to protect consumer privacy and decentralize the control of identity data, which the company claims is a safer, more secure option than using centralized identity services and databases. Transactions happening on the platform are secured with advanced cryptography and decentralization of information. CVC is used to purchase goods and services online and is also accepted at various online businesses. You can buy or sell CVC from various exchanges, or from peer-to-peer marketplaces. One popular exchange for purchasing CVC is Binance. Once you have purchased CVC, you can securely store it in your Civic wallet, the official wallet created by Civic, or you can use a different crypto wallet. In conclusion, Civic is a digital identity verification and authentication platform underpinned by blockchain technology. It aims to revolutionise the way we handle digital identity verification and authentication by making it less painful and more secure. Additionally, their platform also allows businesses and consumers to securely accept payments in the digital world and significantly reduce the cost of transactions.