[dcaranda]

Identity is a basic problem for any online transaction. For instance, Paypal's biggest innovations were around fraud prevention.

Jumio is a great solution to bridge online transactions and offline verification (physical IDs, passports, credit cards).

If I had to speculate, I suspect Jumio gets disrupted by products that attack the root problem by no longer needing verification - more specifically, virtual currencies. But that feels like a distant prospect right now.

[praptak]

I don't believe virtual currencies solve the verification problem. On the contrary - anonymity plus lack of chargebacks is a huge incentive for fraud. You can either drop anonymity or establish a trusted third party escrow-like service. In either case you need some kind of verification.