Decentralized Venture Ecosystem

Liquid Avatar Technologies and Bonifii Make Verifiable Credentials Accessible for People and Financial Institutions in the Metaverse

Liquid Avatar Technologies | Cara Buckspan | Nov 30, 2021

Digital Identity and the Metaverse - Liquid Avatar Technologies and Bonifii Make Verifiable Credentials Accessible for People and Financial Institutions in the MetaverseDENVER, CO and TORONTO, ON / ACCESSWIRE / November 30, 2021 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTCQB:LQAVF)(FRA:4T51), a global blockchain, digital identity and fintech solutions company, and Bonifii, the financial service industry's first transaction network for verifiable credentials, today announce that privacy-preserving financial transactions in the metaverse will soon be possible through the upcoming availability of the Bonifii credential in the Liquid Avatar Wallet. This collaboration means that the Bonifii credential can be used as a "know-your-customer" (KYC) credential for avatars in Aftermath Islands and other compatible metaverses.

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The Bonifii credential is a decentralized digital identity enabling individuals to authenticate themselves in a way that maximizes privacy and security while providing an end-to-end onboarding experience. By working with Liquid Avatar Technologies and its wholly owned subsidiary, Oasis Digital Studios ("Oasis"), Bonifii will make its verifiable credential available for players in the game Aftermath Islands and facilitate in-game financial transactions in the same, privacy-preserving way real world customers use the Bonifii credential. This collaboration in the metaverse breaks new ground in the emerging digital experiences of Web 3.0.

Indicio, a global leader in decentralized identity software and trusted data ecosystems, will provide the integration. Both Bonifii and Liquid Avatar Technologies have worked closely with Indicio to develop a range of ground-breaking decentralized identity products and services, and both companies run nodes on the Indicio Network, a global blockchain-based network for identity.

"We're extremely happy to have the Bonifii credential available for use in our digital wallet," said David Lucatch, CEO-Liquid Avatar Technologies Inc. "I cannot overstate how much this will simplify financial services for consumers and institutions alike.

Everything becomes easier for everyone-onboarding, verification, and fraud prevention. The ability to bring people who are currently underserved or excluded into services that can dramatically improve their lives - and to be able to do that in a robust, trustworthy way in both traditional online settings and the metaverse is an absolute game changer. Everyone and their avatars are going to need verifiable digital identities to live in the metaverse and function in Web 3.0."

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"Decentralized, verifiable digital credentials make everyone's life easier-but to us they are a breakthrough financial technology.  This technology is the foundation of Web 3.0, it is essential for privacy and security in the next stage of digital life," said John Ainsworth, CEO and President of Bonifii.

"With the Bonifii credential in the Liquid Avatar digital wallet, we are able to meet people where they are, and create a path for them to engage with and take advantage of services many of us take for granted. We also believe that we need to meet people where they are and will be digitally - and that means being available in the metaverse and providing new financial services for new consumer and commercial experiences."

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"The metaverse and Web 3.0 are here, and we are building the infrastructure to manage how we're going to live, work, and play in the intersection of the real and the digital," said Heather Dahl, CEO of Indico.

"Bonifii and Liquid Avatar get it, they're on it-and we're excited to help them realize their vision."

The Liquid Avatar Wallet mobile app is now available to everyone via Google Play and the App Store.


NCFA Jan 2018 resize - Liquid Avatar Technologies and Bonifii Make Verifiable Credentials Accessible for People and Financial Institutions in the Metaverse The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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