Merkle Science has partnered with nSure.ai to enhance the security of cryptocurrency transactions.
Posted: March 13, 2024 9:00 AM Updated: March 13, 2024 8:17 AM
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Merkle Science has partnered with nSure.ai to enhance cryptocurrency security and curb fraud by leveraging its transaction monitoring solution ‘Compass’.
Cryptocurrency risk prediction and intelligence platform Merkle Science announced a strategic partnership with nSure.ai, an AI-powered cryptocurrency payment fraud prevention platform. The goal of this collaboration is to strengthen security measures within the cryptocurrency space, curb fraudulent activities, and promote widespread acceptance of digital currencies.
By integrating Merkle Science’s behavioral blockchain transaction monitoring solution ‘Compass’ into nSure.ai’s platform, customers will have access to stronger protections against payment fraud while participating in fiat-to-cryptocurrency exchanges. Merkle Science claims this allows companies to scale their operations while optimizing their customer and partner onboarding processes.
“The biggest challenge to cryptocurrency adoption is fraud. Merchants and consumers are reluctant to transact with digital currencies in a business environment where cryptocurrency fraud is rampant,” said Mriganka Pattnaik, CEO of Merkle Science. “Our partnership with nSure.ai overcomes these obstacles, allowing both sides of the market to use cryptocurrency with security, safety, and confidence.”
This partnership will enhance digital currency security, from proactive threat detection to tracking fraudulent activity. Starting with an easy onboarding process and extending to secure on-chain transactions, we will provide a comprehensive solution to secure the cryptocurrency ecosystem.
The partnership between Merkle Science and nSure.ai aims to promote a safer environment for digital currency enthusiasts and businesses alike.
“nSure.ai recognized the growing demand from cryptocurrency exchanges and onramp players for secure transactions converting fiat to cryptocurrency,” said Alex Zeltcer, CEO and Co-founder of nSure.ai. “Working with Merkle Science and leveraging Compass will help businesses identify cryptocurrency fraud.
“It enables transactions for legitimate consumers who want to use digital currencies for everyday use and facilitates successful onboarding of onramp partners.”
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Victor is the Managing Technology Editor/Writer at Metaverse Post and covers artificial intelligence, cryptography, data science, metaverse, and cybersecurity within the enterprise space. He boasts of five years of media and AI experience working at renowned media outlets such as VentureBeat, DatatechVibe, and Analytics India Magazine. Having worked as a media mentor at prestigious universities such as Oxford and USC, and holding a Master’s degree in Data Science and Analytics, Victor is committed to keeping up with new trends. He provides readers with the latest and most insightful stories from the world of technology and Web3.
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Victor Day
Victor is the Managing Technology Editor/Writer at Metaverse Post and covers artificial intelligence, cryptography, data science, metaverse, and cybersecurity within the enterprise space. He boasts of five years of media and AI experience working at renowned media outlets such as VentureBeat, DatatechVibe, and Analytics India Magazine. Having worked as a media mentor at prestigious universities such as Oxford and USC, and holding a Master’s degree in Data Science and Analytics, Victor is committed to keeping up with new trends. He provides readers with the latest and most insightful stories from the world of technology and Web3.