A prestigious blockchain firm with specialties in risk scoring and analytic solution, BIGG Digital Asset, owners of Blockchain Intelligence Group (BIG), has in a recently announced that it’s launching the Ripple native coin XRP and Stellar XLM as part of its new project tagged BitRankVerified v1.22. This decision as stated in the release was based on customers’ demand.
BitRankVerified is an on-chain project developed to offer financial organizations the propensity to conduct a snap risk assessment of an address or transaction to determine if the funds have earlier been engaged in any form of criminal relating activities. Other cryptocurrencies that are supported by BitRankVerified include BTC, BSV, LTC, BCH, ETH, and ERC20 tokens.
Financial Organizations such as RegTech, banks, ATMs, exchanges, and retailers have been able to meet traditional regulatory and compliance requirements.
Lance Morgan, the BIG’s President in a statement, explained that the incorporation of XRP and XLM into BitRankVerified would further strengthen the capacities of organizations that are specialized in the enforcement of crypto compliance and conducting investigations, Morgan emphasized that the inclusion will further position BIG’s services at the forefront among top cryptocurrencies in the marketplace.
BIGG Digital and Its Quest to Make the CryptoSpace a Regulated Environment
The BIGG Digital Assets Inc (BIGG) nurses the vision that the future of crypto is safe, and it has been investing in companies and products to make the crypto space compliant and more regulated. BIGG owns two operating companies which include Netcoins and Blockchain Intelligence Group.
Blockchain Intelligence Group has developed numerous numbers of innovations to regulate, monitor, and trace cryptocurrency transactions at forensic levels. One of the projects includes Blockchain-agnostic search and analytics engine, QLUE, a project that has helped Law enforcement agencies, government agencies among other, conduct visual tracking and monitoring of crypto transactions.
XRP, XLM a Plus For BIG’s BitRankVerified
XRP is a crypto asset built for payment on the XRP Ledger, an open-source decentralized and permissionless blockchain technology. The XRP Ledger executes transactions within 3-5 seconds.
XRP is regarded as a convenient instrument that bridges the gap between two different currencies because of its ability to send funds directly without a central intermediary.
Stellar XLM, on the other hand, creates an avenue that allows the trading of digital representations of all forms of currencies either crypto or fiat. XLM was built as a single network where all financial systems in the world can work together.
