Thanks to the business acumenof this digital wallet and Decentralised whole system to community
Exchange is an important base and part of our business, each active user of Pearlmine can become an exchanger here. Hence, we have introduced the most powerful “Wallet string” that performs more transactions than global credit card providers. In line with our vision to create a mass market for USDT, we aim to ensure global usage for the USDTand to accommodate merchant needs. USDTis the best virtual currency for its users and easy to use.
Virtual currency is a part of our life for the past years and since then the system has been developing with rapid speed. In the current world, only a few of these types of virtual currencies are available in the market. There are amazing opportunities for innovation, but there are also cases hints that, in general, virtual currency also uniquely suits to facilitate dubious behavior. Regulatory challenges related to virtual currency are mainly linked to the anonymity of transactions and the decentralization of financial dealings. The authority’s goal is to prevent the possibility of using virtual currency as a means for criminal activity. Considering the fact that each virtual currency has unique traits, we believe that USDT and every other virtual currency on the market should be assessed by regulators based on its unique traits. To prevent individuals from engaging in criminal and unwanted behavior, USDT monitors its clients and implements rules aligned with the legal development. For example, to prevent money laundering, identity theft, financial fraud and terrorist financing, USDThas implemented KYC (know-your-customer) rules, thus disrupting any possible misconduct by its users.
By requesting documentation Pearlmine proves the identity of each user and makes sure that each transfer made, using the protocol, is not anonymous. Since global business opportunities demand a sophisticated international customer identification and verification solution, the KYC policy adopted by Pearlmine includes identifying the user and verifying the identity by examining reliable and independent documents. All submitted documents of identity remain confidential. Each user has to go through a verification procedure, every time his or her identity information is required. The KYC information requested includes name, residential address, country and date of birth as provided to Pearlmine account registration. USDTwill be the first virtual currency storing the KYC documents of its users in its new wallet strings.
Pearlmine International is the first company in the world to audit its Wallet string by an external, independent auditor. The objectives of the audit are to assess the consistency of the Wallet string and to verify that no USDTis going to be purchased outside of the wallet string. This proves that all existing transactions are included in the wallet string and are consistent. The procedure of verifying the transactions requires that a number of automatic tests are performed in order to comply with the objectives. The first procedure is to prove that all transactions are included in the wallet string and no transaction are possible outside of the wallet string. The second procedure is to prove that the wallet string is consistent, meaning that each transaction’s inputs and outputs corresponds and can be tracked back to the very first transaction. The procedure of verifying the wallet string has been designed to confirm that all Wallets are consistent, i.e. that each Wallet follows the previous one and that there is no error in the Wallet sequence. Secondly, the wallet string must contain the transactions validated in the tests from the previous paragraphs. So far, the results of each wallet string audit have verified that each and every transaction is true and the wallet string is consistent. So far, the results from each wallet string audit clearly show that the USDTwallet string is consistent it means there is no USDTBuying outside of it and there is no alteration to the wallet string . The member see the number of USDTBuying on the website is the actual, real-time data is used and no more or less USDTis there as stated on the website. The audit of the wallet string proved that the wallet string of USDTis consistent and that the number describing the amount of USDTBuying, as seen on the counter of user’s Dashboard of the website, is accurate.