Stellar Development Foundation and Elliptic Partner to Launch Stellar Transaction Monitoring System
The Stellar Development Foundation (SDF) & Eliptic, cryptocurrency risk management services offering company, partner to release the 1st Stellar transaction monitoring system in the globe, official website of Stellar writes.
This partnership sees to offer XLM transaction & wallet screening abilities, making the Stellar network more confidant, furthermore, safe.
CEO of the SDF, Denelle Dixon told that Elliptic is setting international standard in avoiding, identifying & pursuing different criminal activities in cryptocurrency sphere.
Dixon stated that the combination of Elliptic tools & the Stellar network integral features will enable them to offer risk management tools for cryptocurrency businesses as well as financial organizations. He also added that these tools will let different businesses deal with transparency & accountability.
Simone Maini who is the CEO of Elliptic,noted that the offered tools will become more essential for cryptocurrency issuers as well as platform developers, allowing the users be flexible with the crypto adoption growth.
Elliptic’s monitoring & analysis software already supports XLM. These tools provide the financial organizations, cryptocurrency businesses & regulators the option to detect a broad spectrum of illegal activities starting from small frauds & finishing with money laundering as wel as terrorist financing.
To find out about Stellar Lumens as well as its price, have a look at XLM Price updates, and Stellar Lumen (XLM) Price Predictions to stay up to date with the latest XLM price and the entire crypto market movements.
