Setting a New Standard for Crypto Payment Compliance
In 2024, WebitPay, a prominent cryptocurrency payment platform, announced its partnership with global compliance technology leaders Shufti Pro and Elliptic. This collaboration aims to strengthen WebitPay’s user verification and transaction compliance monitoring capabilities.
The partnership will enable WebitPay to offer more secure and reliable cryptocurrency payment solutions, enhancing its competitiveness in Asia and global markets.
Upgraded KYC and Transaction Monitoring
WebitPay will leverage Shufti Pro’s real-time identity verification (KYC) and transaction monitoring services. These tools will ensure fast and seamless user authentication while effectively identifying and blocking suspicious transactions. Shufti Pro’s intelligent compliance technology not only meets local and international regulatory requirements but also significantly improves operational efficiency.
Crypto Transaction Monitoring and Wallet Screening
Through its partnership with Elliptic, WebitPay will integrate Elliptic’s crypto transaction monitoring and wallet screening services. These tools provide real-time analysis of transaction data to identify high-risk activities, bolstering WebitPay’s anti-money laundering (AML) and counter-terrorism financing (CFT) capabilities.
Vision for the Future
WebitPay stated that this collaboration marks a pivotal step in achieving global regulatory compliance standards. By partnering with Shufti Pro and Elliptic, WebitPay reaffirms its commitment to delivering efficient and secure crypto payment services while leading innovation in industry compliance.