A forbes article among others recently came out talking of the partnership between Ripple and Coinfirm, many people are placing a lot of importance on this for the future of XRP being integrated into the mass economy. Including some more info below. Happy to hear your thoughts
What is Coinfirm?
Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML & Analytics Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves regulatory compliance and transaction risk issues for the blockchain economy. The blockchain agnostic platform is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in Central Europe.
Coinfirm a solution helping lead to XRP domination?
Seen as a key bridge between the crypto economy and the traditional one, it seems this step is a key one in XRP becoming integrated in the overall global economy. In a link below Forbes claims that one vital aspect this move will help push XRP ahead is it’s already a potential solution for incoming regulations such as FATF. What’s your thought?
Coinfirm XRP report risk:
Sources:
https://www.forbes.com/sites/michaeldelcastillo/2019/06/26/ripple-deal-could-make-xrp-cryptocurrency-compliant-with-fatf-anti-money-laundering-regulations/https://cointelegraph.com/news/regtech-startup-coinfirm-to-investigate-xrps-compliance-with-aml-provisionshttps://twitter.com/AMLT_Token/status/1146359758447939585
