PureFi enters into a mutually beneficial partnership with Safle
02–12–2021 PureFi, a decentralized protocol that provides compliance tools while maintaining the anonymity of users, and Safle, a decentralized blockchain identity wallet that enables secure private key management and seamless experience for dApps, DeFi, and NFTs entered into a mutually beneficial partnership agreement aimed at cross-integrating both projects’ technology to ensure the improvement of AML compliance.
Safle is a powerful and dynamic wallet that allows you to store digital assets and access the open-source decentralized ecosystem with your unique safleID. Their vision is to create frictionless experiences for users and developers wanting to access and build on decentralized infrastructures. With Safle’s Web Application, Browser Extension, and Phone Application, retail users are able to enjoy various features with a SafleID account that comes with a fully functional name-enabled vault. This helps the retail users to HODL with Safle.
PureFi and Safle will work together on mutually beneficial technical integrations. The nature of this partnership assumes that the SafleID wallet will be integrated as a means of authorization within PureFi’s beta product, the widget. Furthermore, both projects will collaborate by integrating the PureFi proprietary Beta solution to assign an AML score for SafleID users.
In addition, within the scope of this partnership, PureFi will act as a strategic advisor for Safle, facilitating strategic relationships with existing ecosystem partners and others.
“Safle is a great company that offers us a huge potential in all the markets we serve. It will bolster our core offering and further define our footprint within the AML compliance,” says Slava Demchuk, the CEO of PureFi.
“ Being ethically conscious and imposing a strong culture of ethics within the DeFi ecosystem is obligatory. We’re looking forward to making DeFi Safe & Simple together with PureFi.” Priyanshu Singh, CMO, Safle
PureFi is the only DeFi compliance protocol for mitigating risks of interacting with high-risk illicit assets and onboarding institutionals into DeFi. Developed by AMLBot in partnership with Hacken Foundation, aims to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures on the DeFi market. PureFi within a set of smart contracts will connect KYC/AML providers with DeFi users and Dexs/Defi projects to provide crypto assets analytics and protect honest DeFi market players from “dirty money” risks. For example, the liquidity pool user will avoid the risk of getting an illegal money trail using the Verifiable Credentials certificate with his full-fledged AML/KYC data.