Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
Crypto has solved speed, cost, and global access.
But one major friction point remains: KYC and onboarding.
Every exchange requires it.
Every user repeats it.
And every platform pays for it.
QIE Pass changes that.
Currently, every time you sign up for a new crypto platform, you start from zero. Upload your ID. Take a selfie. Wait for approval. Repeat.
Now imagine instead you had a single digital passport — one identity that works everywhere with a single click.
QIE Pass turns that idea into reality.
A Simple Analogy for better understanding
Analogy 1: KYC-Verified Google Sign-In
Think about how you log into apps today:
Before:
- Create a new account every time
- New username + password
- Repeat the same process everywhere
Now:
- Google Sign-In → one click → works across platforms
QIE Pass:
KYC-verified Google Sign-In → one verification → reusable everywhere
Log into exchanges instantly with a pre-verified identity.
Analogy 2: “It’s Apple Pay for Identity”
Think about payments:
Before:
- Enter card details on every website
Now:
- Apple Pay → one tap → works everywhere
QIE Pass:
- One identity → one tap consent → works across all partner exchanges
Your KYC becomes a portable, reusable asset
What Is QIE Pass?
QIE Pass is a decentralized identity (DID) system (One product with 3 features) that acts as:
1. Reusable KYC
Users complete KYC once and reuse it across multiple exchanges.
- KYC is verified by Sumsub (Subsum)
- Exchanges receive verifiable credentials, not raw documents
- Users simply consent with one click to share verification
No repeated uploads. No friction.
2. Single Sign-On (SSO)
QIE Pass works like a “Login with MetaMask” or Google button for exchanges.
- One-click login across partner platforms
- No new accounts or password resets
- Dramatically lower onboarding drop-offs
Faster onboarding = higher conversion for exchanges
3. Multichain Payment ID
Every user gets a universal payment identity:
- Send crypto using a simple name (e.g., john.qie), almost similar to ENS or Unstoppable domains.
- Works across multiple blockchains (There are over 50 different types of crypto addresses, as seen in the image below, that are not compatible)
- Eliminates wallet address errors
How It Works (Behind the Scenes)
- QIE Pass is built on decentralized identity (DID) principles
- KYC is performed by Sumsub (which covers 90%+ of crypto market), which issues verifiable credentials
These credentials are:
- Secure
- Reusable
- User-controlled
Important:
QIE Pass never stores or accesses user documents.
Exchanges remain fully compliant because:
- They receive verified credentials via their own Sumsub portal
- Example integration:
www.qiepass.qie.digital - Why QIE PASS summary: https://www.youtube.com/watch?v=DxrlOFPJ-Og
The Business Model: Lower Cost, Better User Experience
KYC is one of the highest hidden costs in crypto.
- Exchanges typically pay $1–$3 per user verification
- Onboarding drop-off can exceed 60% due to friction
QIE Pass changes this model completely.
How it works
Instead of every exchange paying for KYC separately:
- A user completes KYC once through QIE Pass
- That verification is securely reusable across multiple partner exchanges
Cost Advantage
QIE Pass operates as a whitelabel KYC reseller in partnership with Subsum, where QIE Pass covers the cost of the initial user verification (including ID check, liveliness test, and travel rule compliance).
We are then able to offer partner exchanges KYC at a significantly reduced rate (e.g., ~$0.50 per verification) due to the following:
1. Reusable Verification
Once a user is verified, that same KYC can be securely reused across multiple partner exchanges.
This eliminates the need for repeated verification across platforms.
2. Network-Level Bulk Pricing
KYC costs are tiered based on total volume. By aggregating demand across all partner exchanges, QIE benefits from bulk pricing discounts at a network level, not just per exchange.
3. Multi-Partner Monetisation
Revenue is generated across multiple integrations as the same verified user interacts with several platforms.
This allows QIE to subsidise the initial cost while maintaining a sustainable business model.
Break-even happens with the second integration
Every additional reuse becomes pure margin and cost saving
Thus, if we have 100 partners in our network, we theoretically make 0.5 USD x 100 = 50 USD per user, and the exchange saves 50%+ on KYC verification fees, for example. Actual outcomes depend on user behaviour and the number of partner integrations, but the model improves as the network expands.
What this means for exchanges
- Up to 50%+ reduction in KYC costs
- Higher onboarding conversion (less friction)
- Faster user acquisition
What this means for users
- One KYC → access multiple exchanges
- No repeated verification
- Faster onboarding
Optional upgrade:
- Users can purchase a personalised domain (QIE Pass) for convenience
- Not required — just enhances usability
Important clarification
- QIE Wallet is non-custodial
- If a user only stores assets → no KYC required
- KYC is only needed when:
- Connecting to exchanges
- Using fiat onramps or swaps
Think of it like:
A wallet = your safe at home
QIE Pass = your verified ID when you enter financial services
QIE Pass turns KYC from a repeated cost into a reusable asset — reducing costs for exchanges while dramatically improving user experience.
Higher Conversion
- One-click onboarding
- No repeated document uploads
- Faster time-to-trade
Ideal for:
- Retail users
- Crypto arbitrage traders moving between exchanges
Domains + Identity: Built-In Network Effects
Every QIE Pass user receives a free domain:
- Free tier:
Random domain assigned
Limited to ETH + QIE networks
Upgrade options:
- $5 → Multichain functionality
- $15 → Personalized domains (e.g. john.qie)
With 50% discount if the user pays in QIE.
These domains act as:
- Payment IDs
- Login credentials
- On-chain identity
Exchange Benefits: Branding + Revenue
Early exchange partners gain more than just KYC efficiency.
Founding Member Advantage
First 10 exchanges receive:
Preferential pricing
- Identity network positioning
- Early user flow advantage
- Personalised top-level domains
Web3 Branding on Explorer
Exchanges can issue branded identities like:
- user.bitmart
These appear on-chain and on explorers, creating:
- Strong brand visibility
- Embedded identity within transactions
Revenue Sharing
QIE Pass offers:
- Rebates/revenue share on domain sales to exchanges integrating sdk
Easy Integration
QIE Pass is:
- A light SDK add-on (FREE)
- Does NOT replace existing KYC stacks
- Integrates alongside current infrastructure
Why Now?
Regulation is tightening.
KYC is unavoidable.
But the current model is broken.
Users are tired of repeating the same process.
Exchanges are tired of paying for it.
QIE Pass introduces a shared identity layer for the entire crypto ecosystem.
The Bigger Picture
QIE Pass is not just a tool — it’s infrastructure.
It creates:
- A portable identity for users
- A shared compliance layer for exchanges
- A network effect through domains and payments
Final Thought
Just as Google simplified logins and Apple simplified payments,
QIE Pass simplifies identity in crypto.
One KYC.
One login.
One payment ID.
That’s the future of onboarding.
QIE Pass is positioning the QIE blockchain as the identity layer of Web3, where users carry a single verified identity across the entire ecosystem. While exchange integrations are the first step, the model extends far beyond — into onramps, wallets, dApps, and swap providers, anywhere identity and compliance are required.
Early traction is already visible, with initial exchange partnerships underway and commercial discussions progressing with the first group of founding partners. At the same time, the technology is being explored in regulated environments, including sandbox initiatives with financial institutions in Europe.
What begins with onboarding becomes infrastructure — and infrastructure is where lasting value is built.
QIE Pass enables users to complete KYC once and securely access multiple exchanges without repeating onboarding.
Built with Subsum, it integrates into your existing flow with zero backend disruption.
The result: lower KYC costs, faster onboarding, and access to a shared verified user network.
