PureFi partners with Bancc
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PureFi, a decentralized protocol for onboarding institutional investors into DeFi through analytics, compliance, and security solutions, and Bancc, an all-purpose decentralized payment solution provider, have signed a partnership agreement concerning the improvement of the DeFi Section of Bancc’s products & services.
The Bancc Decentralised platform is solving problems all around the world, such as:
- Money transfer services’ high fees (Western Union, Paypal, etc.)
- Money payment processing high fees (Visa, American Express, etc.)
- Selling & Reselling items on marketplaces at high fees (Amazon, eBay, etc.)
The blockchain’s goal is to reduce the cost of doing business with these providers and even create a way to achieve free transactions in the network. Bancc has built a payment processing system tailored to the needs of its customers.
The partnership’s primary goal is for PureFi to improve the DeFi Section of Bancc’s products & services to provide a security solution that showcases not only their centralized services but also their funds treated according to AML/KYC regulations.
“PureFi provides excellent solutions at the perfect time of the rise of global cryptocurrency adoption, and we believe there is nothing more important than to follow the regulations and guidelines that the governments provide us with to create a healthy, sustainable future for everyone, to show that Cryptocurrency is genuinely made for everyone. With the help of PureFi products & services, we will provide an easy, innovative and seamless way for users to verify and become more conscious about their assets’ earlier whereabouts and legitimacy. We are excited about our new partnership with PureFi. This will usher in a new era of adoption, acceptability, and recognition of crypto products.“ says Nils-Julius Byrkjeland, the Founder & CTO of Bancc.
“I’m very thrilled about the Bancc-PureFi partnership and the fact that more and more projects like Bancc that are growing both the launchpad and the DEX are starting to implement our SDK widget. This partnership is so exciting to me personally because Bancc will become one of the first projects to integrate the widget. We are looking forward to the successful results this joint will bring us”, says Slava Denmchuk, the CEO and Co-Founder of PureFi.
About Bancc
Bancc is an all-purpose decentralized payment solution provider. Its fundamentals tackle the issues faced by the masses by allowing users to take control of their finances. Bancc aims to connect people, merchants, and businesses to deliver a faster, more secure, and decentralized payment processing option for their clients, friends, or loved ones.
Twitter — https://twitter.com/banccio?lang=en
About PureFi
PureFi is the only DeFi compliance protocol for mitigating risks of interacting with high-risk illicit assets and onboarding institutional investors into DeFi. Developed by AMLBot in partnership with Hacken Foundation, it 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.
Telegram — https://t.me/purefiprotocol
Twitter — https://twitter.com/Purefi_Protocol
Website — https://purefi.io/
