La Hulpe, Belgium - May 2, 2018 /MarketersMedia/ —
AmmbrTech entered into a strategic partnership with Exchange FT to provide the security technology for the exchange and its clients. Exchange FT is a new cryptocurrency and Forex exchange set to launch at a private function in Luxembourg later this month.
This partnership will give AmmbrTech access to the fully licensed and compliant exchange and liquidity pools of Exchange FT to integrate its wider developments in payments, remittances, and distributed asset exchange infrastructure.
Exchange FT is aimed at institutional clients and brokerages keen on participating in the cryptocurrency market, but cautious about the lack of regulatory oversight. Exchange FT seeks to satisfy the highest standards in terms of best practices and compliance across the most stringent jurisdictions, starting with Europe.
On Thursday, 26 April 2018, the European Parliament passed, with an overwhelming majority, a motion to adopt tight regulations, and enforce customer verification to counteract criminal activities. The technologies AmmbrTech brings to Exchange FT ensure the exchange will be able to provide security, verification, and continuous compliance in terms of Know Your Client (KYC) and Anti-Money Laundering (AML).
Exchange FT will now be able to provide its clients with AmmbrTech’s Blackbird cryptocurrency hardware wallet, which is the first, commercially available, fully air-gapped device for securing crypto assets with no attack surface available to hackers. Additionally, AmmbrTech will provide Exchange FT with a fully air-gapped array of secure wallets, fully integrated into the exchange’s back office, for receiving, holding and remitting crypto assets.
The agreement includes Exchange FT accepting the crypto currency AMR, issued by the Ammbr Foundation, as its internal fee payment crypto currency. This will be the first public listing of AMR and will be followed by listings on other exchanges in the near future.
About AmmbrTech:
AmmbrTech is a for-profit enterprise with products including the BlackBird cryptocurrency hardware wallet and the Ammbr Mesh Router. AmmbrTech is a licensee of the Ammbr Foundation, a non-profit based in Singapore, which has a stated mission to connect the four billion individuals without access to fast Internet connections. AmmbrTech is tasked with developing the sophisticated mesh router employing the same AMR crypto currency to allow individual routers to interact and pay for transit traffic across the Ammbr mesh network.
AmmbrTech includes operations in the United States, United Kingdom, Ireland, Belgium, Switzerland, Singapore and Hong Kong. For more information about AmmbrTech, please visit www.ammbrtech.com.
Contact Info:
Name: Derick Smith
Organization: AmmbrTech
Phone: +35220301461
Source URL: https://marketersmedia.com/ammbrtech-to-provide-crypto-exchange-security-with-blackbird-wallet/339681
For more information, please visit http://www.ammbrtech.com
Source: MarketersMedia
Release ID: 339681
