By Mark - Bitcoin Expert - 02-12-2021
MetaVisa, an Ethereum-based layer-3 protocol, has recently announced that the company had raised a total of $5 million in a seed and private funding round. A few investors to mention that participated in the round were Amplio Capital, Spark Digital Capital, and Sora Ventures. Many other notable investors had contributed to the fundraising round such as Collinstar Capital, Black Mamba Ventures, Tensor Investment Corporation, GTA Ventures, Seeded Ventures, and HG Ventures. The company that many venture firms had invested in, MetaVisa, is designed to generate credible on-chain identification and credit records.
MetaVisa’s decentralised blockchain technology will help create a credit system within the Metaverse. MetaVisa will be further developing decentralised identity which will help DeFi, NFTs, and other decentralised applications to build their customer base through analysing blockchain data. MetaVisa’s credit system will also help users buy crypto with credit cards.
The MetaVisa Protocol looks at all transactions across multiple networks, including investors buying crypto and NFTs, then it will utilise that data to come up with an individual’s credit score. As we move into the world of Web 3.0, it’s becoming clearer that people will need their own permanent, self-owned identity, also known as DID. DIDs are a user’s digital identity that will allow for more accessible verifications across the new Web 3.0 era. However, there is some difficulties for decentralised identities to be mainstreamed due to the lack of having a full information model in place. Having a proper system and structure in place is needed to collect and sort metadata for analysing and reviewing.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards