Accept Bitcoin Payments and Other Crypto Safely and Securely

Reading time

If you are looking to accept Bitcoin and other cryptocurrency payments, it’s vital that you are 100% confident that all transactions are safe. While cryptocurrency payments offer users a safer way to pay for goods and services by the very nature of blockchain technology itself, fraud is omni-present on the internet making the potential for hacking and money laundering very real.

It is therefore important to have water-tight measures in place to ensure the safety and security of your clients, and all transactions that pass through the system by way of KYT and AML procedures, otherwise known as Know Your Transaction and Anti-Money Laundering, respectively.

These procedures incorporate policies and legislation that financial institutions must adopt to monitor their clients in order to prevent money laundering and corruptive behaviour. KYT and AML procedures are highly important for EU regulated crypto payment service providers and other related entities who are obligated to abide by strict rules and regulations to make sure their clients and business activities are safe and secure.

Crystal Analytics Collaboration

For the last 2 years, the B2BinPay has cooperated with Crystal Blockchain, a blockchain analytics platform engineered by the Bitfury Group, integrating Crystal analytics into its platform to strengthen its anti-money laundering compliance. Crystal analytics provides a deep insight into cryptocurrency transactions, including identities, risk scores, and transaction histories, which is used by B2BinPay to enhance its due diligence and apply smarter cryptocurrency compliance processes.

Crystal is the ideal platform for digital asset companies looking to improve their AML and security procedures, allowing for better compliance and more security for B2BinPay users and the blockchain community as a whole.

Accept Crypto and Boost Your Revenues

Offering cryptocurrency payments can prove advantageous to a business by way of a lucrative new revenue stream. Not only can you offer your current clients an additional transaction method by accepting Bitcoin as payment for example, it is also an effective way to attract new clients which will ultimately positively impact on your company’s bottom line. Secure, legitimate and transparent transactions are all part of the package with B2BinPay!

أحدث المقالات

What is The Future of Crypto in the Banking Sector
What is The Future of Crypto in the Banking Sector?
Education 25.09.2023
The Nature and Significance of Atomics Swaps.
The Nature and Significance of Atomics Swaps in the Crypto Landscape
Education 19.09.2023
Top Crypto Winners and Losers 2023
Top Crypto Winners and Losers in 2023
Education 18.09.2023
Crypto Asset Management and Asset Segregation
Crypto Asset Management and Asset Segregation: Why They Matter
Education 14.09.2023