DailySun
MatterFi has unveiled the launch of its enterprise-ready platform, offering a “phishing-proof” fintech infrastructure to the market.
The solution is set to go live following a six-month beta phase, as stated by MatterFi in a press release shared with crypto.news on Dec. 3.
According to the announcement, the initiative aims to facilitate secure digital finance for both individuals and artificial intelligence. Central to the infrastructure is an AI-driven agent called “send-to-name,” allowing users to transact without the need for complex wallet addresses.
By integrating with software wallets, hardware wallets, and AI agents, while utilizing chain-agnostic financial rails, users benefit from multiple layers of security during transactions. MatterFi provides a platform that aids users in protecting against various attacks, including hacking, phishing, and SIM swaps, among other security threats.
The inclusion of end-to-end cryptographic proofs eliminates the requirement for user passwords and login details, allowing both humans and AI agents to engage in secure transactions with other parties. Its functionality resembles access provided by global finance applications like Revolut and PayPal.
“Enterprise adoption of newer DeFi technologies is not where it should be due to perceived risks and vulnerabilities associated with these technologies. Additionally, the complexity of these technologies and dependence on intricate addresses have hindered adoption,” said MatterFi founder Michael “Mehow” Pospieszalski.
Importantly, MatterFi emphasizes that all transactions remain confidential, a crucial aspect in the crypto market, which data reveals experienced a 150% increase in web3 phishing attacks in 2024. In October, blockchain security platform Certik reported that phishing attacks and private key leaks resulted in users across the ecosystem losing $668 million in Q3 of 2024. Additionally, data indicates that 80% of individuals affected by phishing attacks incur financial losses.
In May 2024, MatterFi and neobank EQIFi announced a partnership aimed at enhancing crypto security.
The collaboration focused on leveraging MatterFi’s technology to tackle surging issues related to crypto theft, fraud, and money laundering. EQIFi and MatterFi disclosed that the partnership would utilize the “send-to-name” feature through a peer-to-peer platform to deliver these advantages to users.
