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Infinito Wallet has been supporting a wide range of cryptocurrency coins and tokens since its launch in 2017. The wallet is announcing a partnership with compliance platform Coinfirm and its token network, AMLT, to enhance wallet security and meet global regulation standards.
A partnership for greater security and compliance
Infinito Wallet, a leading Universal Wallet that supports the majority of coins and tokens, 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.
With Coinfirm’s expertise 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.
The technical implications
This partnership marks the next milestone in Infinito Wallet’s journey to all-inclusive security, and regulatory compliance to be 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.
Incentivising transparency with the AMLT network and token
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.
Pawel Kuskowski, 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.”
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.”