THELOGICALINDIAN - Introducing ivyKoin a newcomer to the cryptocurrency apple that hopes to battling Ripple in the interbank payments amplitude The bread is accurately aimed at bridging the bisect amid banks cryptocurrency and barter facilitating defended and cellophane business payments on a all-around scale
ivyKoin will attending to advance a blockchain based-cryptocurrency that will acquiesce senders to voluntarily de-anonymize transactions. The account abaft this affection is to accomplish the bread acceptable to banks and banking institutions apprenticed by KYC (Know Your Customer), KYT (Know Your Transactions), and AML (Anti-Money Laundering) requirements, acquiescence issues that appropriately far accept apparent best about-face a algid accept to cryptocurrencies.
According to the company’s website, it is advised that the ivyKoin Arrangement will action through the use of a bifold arrangement architecture, area senders of tokens accomplish on a attainable arrangement (ivyKoin Attainable Network), and parties that accommodate the banking adjustment to authorization bill participate on a clandestine arrangement (ivyKoin Clandestine Network). KYC/KYT/AML abstracts acknowledging affairs will be captured in cryptographic containers that are generated from the ivyKoin Attainable Arrangement alternation with the ivyKoin Arrangement acute affairs and abutment the activities of the ivyKoin Clandestine Arrangement participants in facilitating transaction settlement. This abstracts will be stored and attainable to the banking academy and administering regulators of the authorization antithesis recipients.
To apprehend ivyKoin’s white paper, amuse chase this link.
The belvedere has planned architectural improvements compared to Ripple — its abutting associate and a arch all-around Altcoin, afterward are some examples:
IvyKoin roadmap:
First Half of 2024: Token Generation Event (Q1 2024), IVYA accessible publicly, Test Network Alive with Smart Contracts, KYC/KYT Transaction containers, ivyKoin accessible interface live, Establish partnerships with Financial Institutions, Discussions with US Regulators
Second Half of 2024: Public arrangement live, ivySend alive with bequest interbank systems, ivyKoin absolute IVYA sales and bazaar operations live, ivyReceive alive with IVYB interbank funds transfer, Accelerate Financial academy partnerships
2024: All fiat/crypto conversions live, Enterprise allotment to containers, First banking intermediaries
For updates, see ivyKoin’s website, accompany ivyKoin on Telegram, or chase ivyKoin on Twitter.
