August 10, 2018
Infinito Wallet announced a partnership with compliance platform Coinfirm along with its token network, AMLT, to enhance the wallet’s security and meet global regulatory standards.
Infinito Wallet, a leading Universal Wallet supporting leading cryptocurrencies like Bitcoin, Bitcoin Cash, Lite Coin, Dash, and access to all tokens built on the leading smart contract blockchains such as ETH ERC20, NEO NEP-5, and EOS, is partnering with Coinfirm, a regulation tech company that provides transaction security, AML (Anti Money Laundering) and CTF (Counter Terrorism Financing) services and market research. Coinfirm are industry-leaders in managing risk and compliance for Blockchain companies
With Coinfirm’s expertise and experience in regulation, security and risk management, Infinito Wallet will provide users a more secure experience in line with global compliance standards.
Coinfirm’s token, AMLT, will be added as a native token to the Infinito Wallet, with further AMLT Network feature integrations planned in future.
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This partnership is the next milestone in Infinito Wallet’s quest to have complete security and regulatory compliance ready for mass adoption for crypto usage. Coinfirm’s AML verification technology on top of Infinito Wallet’s existing infrastructure will heighten the Universal Wallet’s security – safeguarding transactions for all parties.
Security features will be added to enable AML profile checks, and access to detailed transaction records, ensuring transparency and financial interaction management. This technical integration protects both investors and companies launching ICOs (Initial Coin Offerings) from risk and security threats.
Infinito Wallet will integrate Coinfirm’s AMLT Network and Token. The Network enables members around the world to report illegal activities in the economy, and are rewarded in AMLT.
The AMLT token was created to enhance transparency and security within the ecosystem, as it allows the market to determine the risk of other participants. It also serves as the utility token for the Coinfirm AML/CTF Platform and a range of products already used by over 100 companies in the crypto space.
Junya Yamamoto, President at Infinito Wallet says:
“This [partnership] is very exciting. Coinfirm will bring great value to all blockchain enthusiasts, projects, and companies. Our technical integration will help services utilizing blockchain to reliably reach their potential markets. And for users around the world, it will streamline and safeguard participation in any blockchain ecosystem. Infinito aims to become an infrastructure to deploy blockchain projects for businesses. For users, it strives to become the best infrastructure to provide them universal access to digital assets and services with the utmost security. We are looking forward to the day when blockchain can become a practical infrastructure in society.”
Pawel Kuskowsi, CEO & Co-Founder of Coinfirm says:
“Infinito is continuously showing the market not just their expansive vision towards their wallet but their dedication making Infinito a leader in addressing regulatory compliance and security on the wallet market. Bringing the Coinfirm AML/KYC Platform and AMLT Network into the Infinito Wallet will not just help address compliance but will provide a new level of adoption potential as well as security and transparency for users.”
Coinfirm’s Blockchain AML & Compliance Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The blockchain agnostic platform benefits not only companies operating around blockchain but also major financial institutions, asset management and BI companies. Already recognized as a leader in their field and ranked among the most influential blockchain and regtech companies, Coinfirm serves as a foundation for the safe adoption and use of blockchain.
About Infinito Wallet
Positioning as a leading universal wallet for crypto users, Infinito Wallet serves as a gateway for users to maximize usage and potentials of their cryptocurrencies. By selectively expanding our partner network, Infinito Wallet aims to build an ecosystem of practical blockchain services including exchanges, ID/KYC solutions, and other blockchain-related business services. At the same time, we help support communities of developers and businesses with an open blockchain infrastructure of technologies and compliant-ready services, so that they can seamlessly build, launch, and operate innovative products and services efficiently.
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Infinity Blockchain Labs (IBL) is a visionary R&D company committed to advancing society with next-generation solutions. We are currently the blockchain ecosystem leader in Vietnam with a global reach. Our mission is to be the R&D engine that transforms future technology into practical applications for business and everyday life. Named one of the top ten blockchain technology solution providers in 2018 by APAC CIO Outlook, our 200+ employees at IBL aspire to empower Vietnam to become the global leader in blockchain research and development.
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See the original Infinito Wallet article here!