Today, the universal Infinito Wallet has proudly announced its partnership with Coinfirm, the global leader in technology regulation and compliance. The announcement was made via the blog post on the official Infinito Wallet website.
The president at Infinito Wallet, Junya Yamamoto 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. Infinito aims to become an infrastructure to deploy blockchain projects for businesses. We are looking forward to the day when blockchain can become a practical infrastructure in society.”
Infinito Wallet, Coinfirm and AMLT Network
Coinfirm is a compliance regulation technology platform which offers secure adoption and use of blockchain. The platform helps in managing the risks and streamline assents. Also, the Coinfirm AML/CTF Platform service uses big data analysis and algorithms to give actionable well-organized compliances.
Infinito Wallet is a leading universal wallet for cryptocurrency users, launched in 2017, which serves as a payment gateway. This wallet aims to establish an ecosystem practicing blockchain services including ID/KYC solutions, exchanges, and variant blockchain-based business services.
The deal says that Infinito Wallet and Coinfirm will work together to ensure all users associated with this wallet will be at the vanguard of security, regulation, and risk management. The user will be safe with the wallets’ AML (Anti-Money Laundering) Platform and Coinfirms’ AMLT Network.
As per the planning, AMLT token for the AMLT Network and Coinfirm will be added soon. However, these AMLT tokens will also be listed as the native token of the Infinito Wallets and further AMLT Network feature integrations will work simultaneously.
@InfinitoWallet is proud to announce our #partnership with the global leader in regulation technology and compliance, @Coinfirm_io and @AMLT_Token. At a glance: https://t.co/KGZy9BoA2g pic.twitter.com/o8X97vwEyD
— Infinito (@Infinito_Ltd) August 2, 2018
The Reason behind the Partnership
Infinito Wallet decided to sign a partnership agreement with Coinfirm, which provides AML (Anti Money Laundering), transaction security, and CTF (Counter-Terrorism Financing) facilities and market research.
However, their plan is to use the Confirms’ regulatory expertise of risk and security management, to offer the users the more safe place to trade with global compliance standards.
With this deal, Infinito Wallet has crossed the next milestone on its journey towards all-inclusive security and regulatory compliance. However, they are all set to use the cryptocurrency for mass adoption. As a result, the AML verification technology of Coinfirm will heighten the security of the Infinito Wallet, protecting the transactions for all parties.
More security features will be seen in future including:
- Enable AML profile checks
- Access the detailed transaction records
- Ensure the transparency
- Help in financial interaction management
This technical integration will secure both the firm and investors in building ICOs (Initial Coin Offerings) without any risk and security threats.
The CEO and Co-Founder of Confirm, Pawel Kuskowsi 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.”
As per the deal, Infinito Wallet is planning to integrate Confirms’ AMLT Network and Token. In Addition, this Network will allow users around the space to report illegal activities going in the economy. They also provide rewards in AMLT.
The AMLT token is independent in improving the security and transparency within the ecosystem. It also allows the market to recognize the risk of variant participants. Although, the AMLT token works as the utility token for the Confirms’ AML/CTF Platform. However, there is a range of products that more than 100 companies are using in the cryptocurrency space.
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