TransUnion wants to bring credit checks to the crypto lending market

American credit reporting firm TransUnion is set to introduce credit scores to the crypto lending space, the Wall Street Journal reported on Wednesday.

TransUnion has partnered with security outfit Spring Labs to use the latter’s ky0x Digital Passport service for credit data checks for cryptocurrency lending transactions. Spring Labs’ ky0x Digital Passport incorporates identity verification protocols including know-your-customer and anti-money laundering (KYC/AML) checks.

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