PurplePay is a identity backed solution that allows for compliance norms to be met without compromising on web3 principles of privacy and pseudonymity. PurpleID allows for creation of KYC/ KYB records that are verified and the reusable verifiable zk credentials are then put on chain. dApps across all chains will be able to create their own schemas for KYC/KYB, set risk guidelines, and allow users and merchants to transact in a compliant manner.