Civic, Rentality Verify Licenses and Age Onchain, setting a new standard for car rental security

(PRESS RELEASE – San Francisco, California, September 19, 2024)

The 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.

Civicleader in verifiable web tokenized identity, joins forces with Profitabilitythe first web3 car rental platform, to safely and efficiently verify driver's licenses and enforce age minimums on the Base network. This advanced verification process using blockchain introduces a new standard of security and compliance in car rental and peer-to-peer markets.

Through the Civic ID Verification Pass, Rentality users can verify their driver's license virtually to rent a car. This technology reduces friction, improves trust between both parties and eliminates the logistical burdens of physical verification.

“For car rental and peer-to-peer companies to reach the greatest number of users while ensuring safety, reliable and compliant verification processes are needed that do not unduly inconvenience users. With the Civic ID Verification Pass, users can verify their identity without publicly revealing sensitive information and providers can comply with know-your-customer (KYC) requirements,” he said. x.com/hartcb?lang=en” target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>Chris Hartcivic executive director. “By working together, Civic and Rentality promote the safety of drivers and owners' cars in accordance with regulatory requirements without the need for in-person verification.”

According to the team, the growing need for real-world benefits for users has been a major focus in the crypto industry, which has been in infrastructure development mode. In an economy that now increasingly favors rental over ownership, this integration exemplifies how tokenized identity can create secure, compliant, and easy-to-use verification solutions that meet the needs of everyday users and digital-first businesses. .

“Blockchain integration with car rental is not just a vision of the future, it is a reality today in Miami and later in the rest of the United States. “Now you can rent a car right from your smartphone or laptop using your crypto wallet,” he said. Alejandro TaturaCEO of Rentality. “We are proud to partner with Civic, a company that is at the forefront of adopting innovative technologies.”

Conventional car rental processes typically require multiple intermediaries, from payment processors to insurance companies. This significantly raises the price of car rental, since each intermediary has to pay a fee. Using blockchain, Rentality streamlines these processes by providing a decentralized marketplace for car lessors and owners to transact directly.

To rent a car through Rentality, users simply need to connect their wallet, register for an account, choose their preferred car, its location, and confirm prices. They can then verify their driver's license by obtaining a Civic ID Verification Pass, which is a non-transferable token that is held in their wallet. The Civic ID Verification Pass is already integrated into the Rentality registration process and can be obtained by taking a selfie video and scanning your driver's license.

Users can pay with various cryptocurrencies. Rentality is already operating in Miami and will soon expand to other regions. Users can visit rentity.xyz rent or lease your car.

About civic technologies

Civic is a leading provider of identity management tools for web3, allowing people to easily and privately manage their identities across chains with a reusable on-chain representation of their identity. The company's flagship product, Civic Pass, is an integrated authorization tool that helps business customers enable secure access to their on-chain assets. Users can also manage their identity, presence and reputation with a dashboard. Civic aims to be the world's most trusted on-chain identity tool, used by billions every day. Civic was co-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. Its platform offers a seamless, transparent and profitable solution for car rental, using blockchain technology. Rentality integrates a unique bonus system, its own token, and nfts linked to real-world vehicles. These vehicles will be available to rent on Rentality's platform, allowing nft owners to potentially earn from rentals. The platform has already launched in Miami and is expanding rapidly, with the region's top hosts joining us. Its goal is to expand its services in all states, providing a comprehensive and innovative solution for both renters and hosts. And that's just the beginning of what they offer.

<!– ai CONTENT END 1 –>