San Francisco, California--(Newsfile Corp. - May 10, 2022) - Elrond Network, the developer of internet-scale blockchain infrastructure for Web3 payments, DeFi and the new Metaverse economy, has announced the completion of the integration with AnChain.AI, the AI-powered next-gen blockchain analytics platform.
This integration has strategic implications for Elrond's recent moves into traditional and blockchain-based digital payments infrastructure. Through consecutive acquisitions, Elrond has expanded its portfolio to include an e-money license, a Virtual Asset Service Provider (VASP) license, and the ability to issue debit cards, all valid throughout the entire European Economic Area.
"We are making decisive steps for the integration of blockchain technology into the global financial system," said Beniamin Mincu, Elrond Network CEO. "International financial institutions and national economies can operate and collaborate using our scalable architecture. It is therefore essential that they have access to the highest levels of compliance and fraud prevention. Anchain.AI is a great enabler in this regard."
AnChain's industry-leading blockchain analytics capabilities has made the AI-driven platform an indispensable tool for the forensics and compliance capabilities of major financial institutions such as the US SEC (Securities and Exchange Commission), governments, digital asset exchanges and other VASPs and financial institutions. Adopters of Elrond can now leverage this...
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