Blockchain
The World’s First Blockchain-based Digital Collector Coin Buyers will be Identified Using Artificial Intelligence

iDenfy, the Fintech Startup of the Year and the Central Bank of Lithuania, announce a partnership to offer digital coin buyers a convenient ID verification process based on artificial intelligence.
The LBCOIN is the first digital collector coin in the world, created using blockchain technology. This digital coin has a set of 6 randomly chosen digital tokens, and upon collecting a token from each of the six categories, they can convert it into a physical collector coin. The silver coin size and form will resemble a credit card, depicting the Act of Independence. The Bank of Lithuania will be issuing 4,000 LBCOINs—that means 24,000 digital tokens. They are available to purchase on the Bank of Lithuania e-shop from 23rd of July 2020.
iDenfy’s biometric verification solution will help verify customers’ identities to buy LBCOIN complying with know your customer and other directives from the state law.
iDenfy automates the identity verification process; their ID document detection solution can recognize documents by type and country. At present, they’re supporting more than 1300 ID documents from more than 200 countries, making it easier for the Bank of Lithuania to accept investors from different regions. The national bank using ID check with facial recognition solution can quickly verify whether the identification information is forged or tampered.
Domantas Ciulde, the CEO of iDenfy, says, “We’re honored that Lithuania’s central bank gives us the opportunity to form the partnership. We are sure that our identity verification service will help to minimize fraudulent activity and in the coins’ purchase process.”
The partnership between the two entities is relevant to the broader industry. It will bring a positive effect on the overall blockchain industry. The partnership will inspire other financial institutions to implement digital identity verification solutions to fight against money laundering and other wrongdoings in the online financial world. Moreover, digital identity is a quick and affordable way to verify individuals in order to comply with the know your customer process and other financial regulations.
Blockchain
Blaqclouds Announces the Launch of DineWithCrypto.io, Revolutionizing Dining with Cryptocurrency Payments
Blockchain
Blaqclouds Announces Strong Growth for BitNotify.io and Unveils New ZEUS Wallet-to-Wallet Encrypted Messaging Feature
Blockchain
Europe Gift Card and Incentive Card Report 2025: Market to Grow by 8.5% to Reach $78.9 Billion this Year – Future Growth Dynamics to 2029

European Gift Card and Incentive Card Market
-
Blockchain7 days ago
Blocks & Headlines: Today in Blockchain – March 27, 2025 | The Blockchain Group, AI Pioneer Marketplace, BRICS Payment, Futurist Conference, SCM Logistics
-
Blockchain Press Releases4 days ago
Why Are There No New Users in the Crypto Market? How Multi-Asset Trading Wallet BiyaPay Is Finding New Solutions Amidst Fierce Competition and User Confusion ?
-
Blockchain4 days ago
Blocks & Headlines: Today in Blockchain – March 31, 2025: Featuring Fnality, Jho Low, CGI National Bank of Canada, Skuchain, Hong Kong Tokenized Funds, and Alabama Crypto Regulations
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain – April 1, 2025 Featuring: Ambient Blockchain, HashSphere, Musk’s Blockchain Voting, Jackson IO Staking Model, Hedera-Powered HashSphere
-
Blockchain2 days ago
Blocks & Headlines: Today in Blockchain – April 2, 2025 | Featuring Ambient, Blockchain Association, Beyond Medical Technologies, and UK Trade Bodies
-
Blockchain Press Releases4 days ago
MEXC Confirms Listing of GUNZ (GUN), Launches 180,000 USDT Prize Pool for Users
-
Blockchain Press Releases4 days ago
K9 Finance DAO Joins Google for Startups Cloud Program
-
Blockchain4 days ago
Investview, Inc. (“INVU”) Reports Full Year 2024 Financial Results, Operational Highlights and a Year-End Message from the CEO