Coinfirm Helps Crypto Become Mainstream and Supports Mass Adoption and Legitimization
Coinfirm is a leader in their field and it’s ranked among the most influential blockchains and regtech businesses. It serves as a foundation for the safe adoption and use of the blockchain technology. The Blockchain Compliance and Analytics Platform uses proprietary algorithms and massive data analysis in order to provide data that enhances efficiency reduces fees and streamlines compliance with near automation. The blockchain platform also offers benefits for significant financial institutions, asset management companies and more.
Coinfirm also develops dedicated blockchain solutions such as Trudatum which is described by the company as “a blockchain platform to register and verify the ownership and authenticity of any type of document, file, or data.”
Coinfirm supports massive blockchain adoption
Pawel Kuskowski, CEO, and co-founder of Coinfirm is an entrepreneur, financial crime and compliance advisor and leader in the space of regulatory risk. He is a prominent name in the area and an expert in compliance and anti-money laundering, also flaunting massive experience in conducting global projects for international financial institutions.
In City A.M. he discussed the reasons for which the city and crypto need each other, the future of the financial market in the UK, and the article is definitely worthwhile taking a look at.
— Pawel Kuskowski (@kuskowskipawel) May 2, 2018
“We are on the cusp of a blockchain-dominated world – one that stretches further than finance. Worth over half a trillion dollars, the market already equates to around 10 percent of the $5 trillion in circulation across the globe,” Kuskowski says.
Financial regulators’ silence on the crypto space is not helping
Kuskowski also believes that the silence of the financial regulators will not help the crypto space in any way and it’s definitely not protecting consumers or supporting innovation.
“And now is the time for large corporates to stop running scared of the blockchain, and embrace it. There are huge benefits to be had in creating new products that will give them an advantage,” he continues. Coinfirm CEO also brings up Goldman Sachs which listed blockchain as a business risk and he poses a very viable question: how can investment banks take seriously something that is not regulated?
Even if people believe that decentralization will change the world, he states that this is the perfect time to work with the regulator in order to ensure legitimization. Basically, Coinfirm is supporting crypto to become mainstream by helping legacy financial systems accept it. The company does not see crypto as a risk but rather as an opportunity.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.