You have not selected any currencies to display

Clarifying Sidra Bank’s Mass P2P Verification Process

Terfa Ukende
views : 188

The latest update sheds light on the decentralized Sidra Bank’s Mass P2P Verification.

Confusion Surrounding P2P Verification

Many individuals have voiced their confusion regarding Sidra Bank’s operational procedures, particularly regarding peer-to-peer (P2P) verification.

Tweet Sparks Uncertainty

A recent tweet by Sidra Bank stated that P2P verification would be necessary for accounts holding balances exceeding $1000. This announcement left numerous members perplexed, especially concerning the conversion rate of Sidra Coin to USD.

Conversion Rate Clarity

Sidra Bank clarified that 1000 Sidra is indeed equivalent to $1000 USD, indicating that 1 Sidra equals $66.6 USD. Consequently, individuals holding 16 Sidra or more are required to undergo P2P verification, while others can proceed without it.

Progress in Verification

The bank proudly announced that it has successfully verified 35,000 users and continues to process applications. Users are reminded to ensure the cleanliness and clarity of their submitted documents and to patiently await verification.

KYC Verification at the Core

It appears that the basic Know Your Customer (KYC) verification process is what’s being referred to in the P2P verification requirement.

Clarification from the Team

In response to the multitude of inquiries and confusion, the Sidra Bank team took to Twitter to provide further clarification on verification requirements:

Verification Requirements Clarification:

  • Users with access transactions totaling less than $1000 USD are exempt from P2P verification.
  • Users with a cumulative transaction value exceeding $1000 USD will be prompted to engage in P2P verification with other users from their religion.”

As Sidra Bank continues to navigate its decentralized model, clear communication and transparent processes remain pivotal in ensuring user understanding and satisfaction. Read Similar Story

Share This Article
  • 📌 Premium packages
    📌 Lion Private Round
    📌 1 GEM = 150 LION

    🚀💰 Want to be rich with ATH? Here’s your roadmap from zero to hero in no time👇

    1️⃣ Start by downloading the Athene app – your gateway to financial empowerment.
    https://play.google.com/store/apps/details?id=network.athene.app

    Refferal code. 61b3fbe999

    2️⃣ Invite your friends to join Athene and let them ride the riches train too.

    3️⃣ Mine free GEM and convert them into LION and ATH monthly. The more you mine, the more you earn!

    4️⃣ Cash in on your ATH by converting it to USDT, then use it to unlock Premium packages to get more Booster.

    5️⃣ Keep the momentum going! Use your ATH to burn for additional Booster, maximizing your returns.

    4️⃣ + 5️⃣ 👉 After getting more Booster, more GEM will be mined every day.
    👉 Get more GEM, and you will get more ATH and LION monthly.

    6️⃣ Then, wait for ATH to hit major exchanges like Binance and OKX, skyrocketing its value.

    Note:
    📍You can save time by the way to paying money for Premium packages from the beginning.
    📍When you are Premium member, you will have the opportunity to receive an additional 10,000 USDT monthly.

    🚀 Together, we’re not just investors – we’re builders. Let’s work hand in hand to make ATH bigger and better.

    💎 With ATH and LION leading the charge, we’re destined for the moon! Who’s ready to embark on this financial adventure? Let’s go!

    Related news:
    📌 Burn 900 ATH to get 9000% Booster
    📌 Open ATH trading on Athene P2P at 09:00 UTC April 4,2024.
    📌 Market Development Lead for Athene Network
    📌 50,000.00 USDT rewards for April event
    📌 Athene Online Shop will be launched in the next few days
    📌 $5,150.00 in prizes for Top 30 Silver Leaderboard
    ➖➖➖

    #AtheneNetwork #BTC #Binanace #Okx #IceNetwork #NewMiningApp #PiNetwork #ReviveChain #Coretoshi #web3community #NFT #IVENetwork #revivemining

Leave a Reply

Your email address will not be published. Required fields are marked *