DeFi

when

Read

MatterFi has announced the launch of its enterprise-ready platform, providing a “phishing-proof” fintech infrastructure to the market. 
The solution goes live following a six-month beta phase, MatterFi stated in a Dec. 3 press release shared with crypto.news. 
According to the announcement, the aim is to enable secure digital finance for both humans and artificial intelligence. Key to the infrastructure is an AI-powered agent for the solution “send-to-name” that means users don’t need complex wallet addresses to transact. 
Integration with software wallets, hardware wallets and AI agents and leveraging chain-agnostic financial rails means users get multiple security layers when transacting. MatterFi provides the platform that helps users guard against attacks such as hacking, phishing and SIM swaps among other security risks. 
 You might also like: <a rel="" href="https://crypto.news/phishing-scams-exploit-japans-digital-currencies-as-fraud-cases-rise-report/"> Phishing scams exploit Japan’s digital currencies as fraud cases rise: report </a> 
With end-to-end cryptographic proofs removing the need for user passwords and login details, humans and AI agents can transact securely with other parties. Its use is more like access available with global finance apps such as Revolut and PayPal. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Enterprise adoption of newer DeFi technologies is not what it should be because of perceived risks and vulnerabilities surrounding these technologies. Not only that, the complexity of these technologies and reliance on complicated addresses has stalled adoption,” MatterFi founder Michael “Mehow” Pospieszalski said. 
</blockquote> 
Notably, MatterFi says all transactions remain private, something critical in the crypto market that data shows recorded a 150% spike in web3 phishing attacks in 2024. In October, blockchain security platform Certik <a rel="" href="https://crypto.news/phishing-attacks-private-key-leaks-resulted-in-668m-stolen-in-q3-certik/">reported</a> that phishing attacks and private key leaks had seen users across the ecosystem lose $668 million in Q3, 2024. Data <a href="https://bbbmarketplacetrust.org/riskreport/" target="_blank" rel="nofollow">shows</a> 80% of those that suffer phishing attacks lose money. 
In May 2024, MatterFi and neobank EQIFi <a rel="" href="https://crypto.news/crypto-security-eqifi-to-refine-on-chain-safety-with-matterfi/">announced</a> a collaboration that aimed to bolster crypto security. 
The platforms targeted MatterFi’s technology to help address rising issues around crypto theft, fraud and money laundering. EQIFi and MatterFi revealed the partnership would leverage the “send-to-name” feature via a peer-to-peer platform to bring this benefit to users. 
 Read more: <a rel="" href="https://crypto.news/over-9m-lost-in-november-phishing-scams-affecting-9-2k-victims-data-shows/"> Over $9m lost in November phishing scams affecting 9.2k victims, data shows </a>

MatterFi unveils ‘phishing-proof’ fintech infrastructure

crypto.news

Other articles published on Dec 3, 2024

Are You Sad About Missing Out On Mog Coin? Don’t Fret! The Next Big Sensation is Here: BTFD Coin ...

Could DOGE Hit $2 and XRP $5 in 2025? Crypto Whales Are Betting Big on This Up-and-Coming Competi...

Valour Launches the First Dogecoin Exchange-Traded Product

XRP Predicted to Drop Back Below $0.6 by Major Analyst

Ripple News: RLUSD Launch, ETF Approval, and IPO Hype Build Momentum for a Bullish 2025

Floki Postpones Valhalla Mainnet Launch to Early 2025

Join our free newsletter for daily crypto updates!