Non-custodial bitcoin wallet Edge partners with a Swiss brokerage firm to offer non-KYC fiat exchange

Edge, a noncustodial bitcoin wallet, began offering fiat exchange features which require no KYC data from users after partnering with Swiss-based cryptocurrency brokerage firm Bity, which makes use of a proprietary validation technology. All users must use the Single Euro Payments Area (SEPA) transfer system, which is only available in 36 European countries. The exchanges are also limited to a daily volume of $5,000. Bity CEO Alexis Roussel told Bitcoin Magazine:

“Swiss law allows for small amounts to be exchanged without mandatory KYC, by providing ownership proof on the receiving address. At Bity, we believe access to KYC-less exchanges, in small amounts, is key to the upcoming mass-adoption.”