CycurID Technologies Ltd.(“CycurID” or the “Company”), is pleased to announce the release of the first fully compliant, transaction-monitored, privacy-based non-custodial cryptocurrency wallet.
The imme™ wallet was developed to allow everyday people to participate in an evolving digital marketplace without fear of dealing with cryptocurrencies from illicit sources and activities, such as sanctioned wallets and the dark web.
Mehdi Mehrtach, CTO and co-founder of CycurID said: “Some of the biggest obstacles preventing mass adoption of cryptocurrency are: lack of understanding resulting from the use of technical jargon and misleading information regarding the true risks involved in the processing of cryptocurrencies. The imme™ app and wallet were developed to provide an easy-to-use, consumer-centric and transparent experience that preserves users' anonymity while providing insights into the quality of their transactions.
Similar to how you would open a bank account, imme™ wallet users are authenticated through an automated onboarding process that performs an identity and background check. Once the onboarding is complete, they can configure their wallet. The imme™ wallet includes other features such as: wallet reputation, transaction rating, biometric transaction authorization, support for ETH and all ECR20 tokens, wallet backup in the cloud and the possibility of using Web3 domains powered by Unstoppable Domains.
“We are working to bring Web3 to the world, and the integration with CycurID’s crypto wallet will help us get there,” said Sandy CarterSenior Vice President and Channel Head at Unstoppable Domains. “To be part of Web3, people need to feel safe, which is why we are aligned with CycurID's vision for a safe and compliant Web3 experience.”
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![CycurID Technologies](https://web3wire.org/wp-content/uploads/2023/02/CycurID_Technologies_Ltd__CycurID_Releases_the_imme__Wallet___An-1024x576.jpg)
All imme™ wallet transactions are checked to determine if any of their funds have been mixed with funds from illicit activities or sources such as the dark web, sanctioned wallets and/or proceeds of crime. There is a 0.25% fee on each outgoing transaction which covers ongoing monitoring and verification of sanctioned addresses. These charges are in addition to normal gas charges.
Mehrtash added: “Our company's primary goal is to ensure that consumer and business protection is at the heart of all online transactions, while meeting regulatory and reporting requirements. »
For more information on CycurID's full suite of cost-effective identity solutions, visit the company's website https://cycurid.com or contact CycurID here. Learn more about imme™ at imme.io or contact the imme™ team here.
No offer or solicitation.
This press release does not constitute a solicitation of any proxy, consent or authorization with respect to any securities or with respect to the proposed business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About
CycurID Technologies Ltd. – CycurID is a private developer of personal identity management and security software based in Vancouver, British Columbia. CycurID™ has developed proprietary, patent-pending identity management and privacy software, available through its consumer application imme™ (I Am Me). CycurID is registered with the Better Business Bureau, WorkSafe BC and FINTRAC as a Money Services Business (MSB). CycurID™ and imme™ are registered trademarks of CycurID Technologies Ltd. CycurID is also incorporated into United States like CycurID Technologies UNITED STATES Ltd.
Unless expressly stated, the Company does not claim to retain title to or interest in the Images. All images have been used under license by the Company, which allows the Company to use, reproduce, archive, modify and display the Work, in any media, for (1) purposes advertising, marketing, promotion and decoration; and (2) personal, non-commercial uses.
Unstoppable Domains – Founded in 2018, Unstoppable Domains is a Web3 domain name provider and digital identity platform. Unstoppable Domains offers Web3 domains built on the blockchain that give users full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, users can replace long alphanumeric crypto wallet addresses with a human-readable name and connect and transact with hundreds of apps, wallets, exchanges, and marketplaces. The company was named one of America's Best Startup Employers in 2022 by Forbes.