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

Less than 1 min.Read

Elliptic: Announces Investment From J.P. Morgan

By Laura M

May 29, 2022

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