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Revolutionizing Crypto Payments: BoomFi and TRM Labs Join Forces for Enhanced Compliance and Security

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BoomFi partners with TRM Labs to revolutionize crypto payments with enhanced compliance and security

BoomFi announces partnership with TRM Labs to strengthen regulatory compliance for crypto payments
BoomFi announces partnership with TRM Labs to strengthen regulatory compliance for crypto payments

London, October 3rd, 2023 – In a landmark move shaping the future of digital transactions, BoomFi, a pioneer in multi-blockchain crypto payments, has forged a strategic alliance with TRM Labs, a trailblazer in blockchain intelligence. This partnership is set to elevate BoomFi's platform, ensuring even stronger compliance with regulatory standards and offering unprecedented clarity on transactional risks.

BoomFi's innovative platform empowers businesses to seamlessly accept crypto payments in various forms, including one-time payments, subscriptions, metered billing, and invoicing. As cryptocurrencies continue to integrate into mainstream business transactions, the importance of regulatory compliance cannot be overstated. This collaboration marries TRM Labs' state-of-the-art compliance and risk management solutions with BoomFi's platform, enhancing its ability to monitor potential risks.

Key Features of BoomFi and TRM Labs:

  • BoomFi's Capabilities:
    • Seamless processing of crypto payments.
    • Diverse transaction types including subscriptions and invoicing.
    • Efficient conversion of crypto to fiat.
  • TRM Labs' Strengths:
    • Expertise in cryptocurrency risk management.
    • Advanced tools for combating fraud and money laundering.

TRM Labs, with its vast expertise in the crypto domain, leads the way in providing comprehensive solutions to address risks related to fraud, money laundering, and financial crime in the blockchain ecosystem. The integration of TRM’s powerful wallet screening and transaction monitoring technology into BoomFi customer transactions will introduce a level of transactional risk transparency previously unavailable.

"We are thrilled to collaborate with TRM Labs," said Jack Tang, CEO and co-founder of BoomFi. "At BoomFi, our mission has always been to provide a seamless and trustworthy environment for businesses to transact with crypto. By integrating TRM's top-tier compliance solutions, we are reinforcing our commitment to customer trust and the highest standards of safety."

"We applaud BoomFi's dedication to advancing crypto payment solutions,” said Esteban Castaño, co-founder and CEO of TRM Labs. “Together, we’re working to ensure that businesses can enjoy the benefits of crypto transactions, backed by a robust compliance infrastructure."

This collaboration not only reinforces BoomFi's commitment to security but also showcases TRM Labs' prowess in enhancing platforms with its compliance services. It's a significant step forward in strengthening safety and trust in the crypto payments landscape.

About BoomFi:
BoomFi is a next-generation crypto payment processor, enables businesses to accept cryptocurrencies across a wide range of blockchains and currencies in a compliant and safe manner. The platform offers various payment options including no-code, low-code, and SDK/API solutions, allowing for seamless integration into existing business operations. Businesses can settle funds in their preferred crypto wallet or bank account, bridging the gap between fiat and crypto economies. For more information, visit BoomFi's website.

About TRM Labs:
TRM Labs provides blockchain intelligence to help financial institutions, cryptocurrency businesses, and public agencies detect, investigate, and mitigate crypto-related fraud and financial crime. TRM's risk management platform includes solutions for cryptocurrency anti-money laundering (AML), transaction monitoring and wallet screening, investigative tracing, and entity risk scoring, including Know-Your-VASP. These tools enable organizations worldwide to safely embrace cryptocurrency-related transactions, products, and partnerships. TRM is headquartered in San Francisco, CA, and is actively expanding its team across various domains including engineering, product, sales, and data science. To learn more, visit TRM Labs' website.