MYETHERWALLET will launch conversion cryptocurrency in Fiat without verification

The popular wallet for Myetherwallet Etirium in collaboration with the Swiss company Bity will provide users with the ability to exchange cryptocurrencies to the Fiat without verification procedure.


Bity provides cryptocurrency services to residents of different countries and serves a network of cryptomatoes in Switzerland. The possibility of an output cryptocurrency in Fiat without verification is possible within the local law on countering money laundering.

The MYETHERWALLET developers believe that complex procedures of the KYC passing take a lot of time, it "upsets experienced investors and can scare off beginners."


Now users of the wallet will be able to exchange BTC and ETH in a wallet on a preferred fate currency, specifying Bity as a service provider.

The user is enough to provide the phone number to which the SMS is sent to the confirmation code, as well as the bank account details and the calculated address of the corresponding cryptocurrency.

MYETHERWALLET clarifies that it does not store this information and will not use it to communicate with users, but will provide its Bity as part of the adherence to legal requirements. The size of the operation is limited to 5,000 Swiss francs (about $ 5000).


 "The innovation allows the Bity to implement the most friendly and secure type of user interaction - without friction and in accordance with regulatory requirements," the company says.

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