Back

Humanity Protocol Partners with Mastercard to Integrate Human ID with Open Finance Network

The partnership expands Human ID’s role by enabling U.S. users to verify financial details via Mastercard’s platform using zero-knowledge proofs, streamlining account openings without repeated KYC checks.

Summary

Humanity Protocol announced the integration of Mastercard’s open finance capabilities with its Human ID system, enabling holders to securely verify financial details for account openings in the U.S. The service uses zero-knowledge proofs to share validated data without undergoing repeated Know Your Customer (KYC) processes. This official announcement highlights the move to link blockchain-based identity verification with Mastercard’s financial network, improving user access to traditional banking and credit services.

Terms & Concepts
  • Human ID: A blockchain-based identity verification platform designed to authenticate users securely for digital and financial services.
  • Open Finance Network: Mastercard’s platform that enables secure access to a range of financial products including credit, loans, and payment services.
  • Zero-Knowledge Proofs: A cryptographic method that allows one party to prove to another that a statement is true without revealing underlying private information.