QIE Pass is an innovative solution aimed at simplifying the often-frustrating process of Know Your Customer (KYC) verifications in the cryptocurrency space. By providing a single digital passport that works everywhere with a single click, QIE Pass streamlines the onboarding process for users and reduces costs for exchanges.
The system is built on decentralized identity principles, utilizing Sumsub's KYC services to issue verifiable credentials that can be securely reused across multiple partner exchanges. This eliminates the need for repeated verification costs per platform, making it a cost-effective solution for both users and exchanges.