Verify is a decentralized reputation protocol based on Ethereum, which will track the historical transactions of participants (buyers and sellers) and send benefits to those with good reputation. The reputation protocol is built on all historical transactions, and each transaction participant will score the other party, and this score will be used as the reputation record of the scored party. Verify Payments is the first “killer app” built on the Verify Reputation Protocol, powered by the CRED token. CRED tokens represent "trust" in transactions. If you do not hold CRED tokens, you cannot trade on the platform.

Project Highlights

No Card Required
As we all know, the penetration rate of credit cards in the Middle East is very low, with 80% of consumers choosing to pay in cash.
Verification is digital cash; it's just as good as paying with cash, but without having to physically handle the physical note.

Simple API
We've integrated with the largest retail banks in the UAE and Bahrain so you don't have to. Just one integration with the Verify API gives you access to all financial institutions on the Verify network. And, as more banks join the network, you'll have automatic access to them without any extra work!

Low Fees
There are no registration fees, monthly fees, currency conversion fees or settlement fees. You can sign up with Verify completely for free and start accepting payments right away. If you are an individual without a business license, you can still process up to AED 100,000 per year with no other requirements.

How the project works

You can add Verify to your website with just 3 lines of code using our mobile-optimized Javascript SDK. During the integration process, Verify will work directly with your technical team to help you get up and running quickly, as well as to test the solution before putting the product into production.

Now your website or app is ready, customers can pay you with their bank accounts in just a few clicks!

Transfers are sent directly from client accounts to your account. You will usually receive your payment within 1 business day.

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