San Francisco, California, September 19, 2024, Chainwire
Civic ID Verification Pass provides real benefits to users who can quickly verify their identity and age and rent a car directly from the car owner, without any intermediaries
Civilleader of tokenized identity on the verifiable network, joins forces with Rentthe first web3 car rental platform for sheltered and effective verification of driving licenses and enforcement of minimum age requirements in the Base network. This advanced blockchain verification process introduces a recent standard of security and compliance in car rental and peer-to-peer marketplaces.
With Civic ID Verification Pass, Rentality users can virtually verify their driver’s license to rent a car. This technology reduces friction, increases trust between both parties and eliminates the logistical burden of physical verification.
“In order for car rental and peer-to-peer companies to reach as many users as possible while ensuring security, there is a need for robust and compliant verification processes that do not unduly inconvenience users. “With Civic ID Verification Pass, users can verify their identity without publicly disclosing sensitive information, and suppliers can meet know-your-customer (KYC) requirements,” he said Chris HartCEO of Civic. “By working together, Civic and Rentality enhance the safety of drivers and owner-owned cars in compliance with regulatory requirements, without the need for in-person verification.”
According to the team, the growing demand for real user benefits was a major focus for the cryptocurrency industry, which was in infrastructure development mode. In an economy that now increasingly favors renting over owning, this integration is an example of how tokenized identity can create secure, compliant and user-friendly verification solutions that meet the needs of everyday users and digital-first businesses.
“Blockchain integration with car rental companies is not just a vision of the future, it is a reality today in Miami and later in other states. Now you can rent a car directly from your smartphone or laptop using your cryptocurrency wallet,” he said Oleksandr TaturaCEO of Rentality. “We are proud to partner with Civic, a company that is at the forefront of implementing innovative technologies.”
Conventional car rental processes typically involve multiple intermediaries, from payment processors to insurance companies. This significantly increases the price of car rental because each intermediary pays a fee. Using blockchain technology, Rentality streamlines these processes by providing a decentralized marketplace for car renters and owners to transact directly.
To rent a car through Rentality, simply connect your wallet, register an account, select your preferred car, location and confirm the price. They can then verify their driver’s license by obtaining a Civic ID Verification Pass, which is a non-transferable token stored in their wallet. The Civic ID Verification Pass is already integrated into Rentality’s registration process and can be obtained with a selfie video and a scan of your driver’s license.
Users can pay with various cryptocurrencies. The rental is already available in Miami and will soon expand to other regions. Users can visit Rentality.xyz to rent or lease their car.
About civic technologies
Civic is a leading provider of identity management tools for web3, enabling users to easily and privately manage their identity across chains with a representation of their identity that can be reused across the chain. The company’s flagship product, Civic Pass, is an integrated authorization tool that helps business customers ensure secure access to their on-chain assets. Users can also manage their identity, presence and reputation via the dashboard. Civic aims to be the most trusted on-chain identity tool in the world, used by billions every day. Civic was founded in 2015 by Vinny Lingham and Jonathan Smith.
About Rentality.xyz
Rentality is a pioneer in the car rental industry as the first Web3 car rental platform. Their platform offers a seamless, limpid and cost-effective car rental solution using blockchain technology. Rentality integrates a unique bonus system, its own token and NFTs linked to real-world vehicles. These vehicles will be available for rent on the Rentality platform, allowing NFT owners to potentially earn income from rentals. The platform has already launched in Miami and is growing rapidly, with leading hosts joining us in the region. Their goal is to expand their services to all states, providing a comprehensive and creative solution for both renters and hosts. And this is just the beginning of what they offer.
ContactCitizens’ Communicationpress@civic.com
