RSK Brings Blockchain Regtech Leader Coinfirm and its AML/CTF Platform Into its Federation
RSK, the company behind smart contracts for bitcoin, and leading blockchain regtech Coinfirm announced today a partnership to address anti-money laundering and counter-terrorism financing compliance for the cryptocurrency marketplace.
RSK has brought in Coinfirm’s AML/CTF Platform along with its proprietary algorithms and big data analytics into its Federation. RSK has now added another strong blockchain player to its federation that has created an ecosystem that provides them with the best potential for their large scale adoption and success.
With both companies comprising themselves of blockchain experts in their respective fields, this collaboration will efficiently address regulatory compliance issues such as AML and CTF through Coinfirm’s platform.
Not only having significantly improved smart contract capabilities in bitcoin, RSK has also been able to increase scalability within the ecosystem, having successfully accelerated transactions per second from 7 to 400. Subsequently, Coinfirm have been one step ahead of the ever changing commercial scalability for bitcoin.