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Elliptic: Announces Investment From J.P. Morgan | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Elliptic: Announces Investment From J.P. Morgan

Elliptic: Announces Investment From J.P. Morgan

  • Elliptic became the first blockchain analytics provider to provide support for the Mimblewimble privacy feature on Litecoin
  • This enables regulated businesses to continue to support Litecoin transactions
  • The Mimblewimble protocol was incorporated into Litecoin just last week
  • Solutions do not seek to trace or deanonymize confidential Litecoin transactions
  • Instead, they allow businesses to identify whether a Litecoin transaction or wallet includes funds
  • Compliance professionals can then use this information to assess risk and perform further due diligence

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