Aptos (apt) 
MatterFi Launches Enterprise-Ready Platform for Secure Digital Finance
MatterFi has launched its enterprise-ready platform, designed to provide a “phishing-proof” fintech infrastructure for secure digital finance. The platform is now live after a successful six-month beta phase.
Key Features and Benefits
The MatterFi platform aims to enable secure digital finance for both humans and artificial intelligence (AI). Its key features include an AI-powered agent for the “send-to-name” solution, which eliminates the need for complex wallet addresses to transact. Additionally, the platform integrates with software wallets, hardware wallets, and AI agents, leveraging chain-agnostic financial rails to provide multiple security layers when transacting.
With end-to-end cryptographic proofs, users can transact securely without the need for passwords and login details. This functionality is similar to what is available in global finance apps such as Revolut and PayPal.
Addressing Security Risks and Complexity
MatterFi’s founder, Michael “Mehow” Pospieszalski, notes that enterprise adoption of newer DeFi technologies has been hindered by perceived risks and vulnerabilities. He also highlights the complexity of these technologies and their reliance on complicated addresses, which has stalled adoption.
“Enterprise adoption of newer DeFi technologies is not what it should be because of perceived risks and vulnerabilities surrounding these technologies. Not only that, the complexity of these technologies and reliance on complicated addresses has stalled adoption.”
Private Transactions and Security
MatterFi emphasizes that all transactions on its platform remain private, a critical feature in the crypto market. According to recent data, there has been a 150% spike in web3 phishing attacks in 2024, resulting in significant financial losses.
Some key statistics on phishing attacks in the crypto market include:
- A 150% spike in web3 phishing attacks in 2024.
- $668 million lost by users across the ecosystem in Q3, 2024, due to phishing attacks and private key leaks.
- 80% of those who suffer phishing attacks lose money.
Partnerships and Collaborations
In May 2024, MatterFi collaborated with neobank EQIFi to bolster crypto security. The partnership aimed to address rising issues around crypto theft, fraud, and money laundering by leveraging MatterFi’s “send-to-name” feature via a peer-to-peer platform.
Stay up-to-date with the latest news and developments in the world of cryptocurrencies and web3 on Global Crypto News.
