This week, MatterFi, a foundational layer designed for financial services to build into the crypto ecosystem, has officially launched its enterprise-ready platform. The move follows a successful six-month beta phase.
Phishing in Web3 is at an all-time high. In 2024, phishing attacks surged by 150%. MatterFi’s AI-powered Send-to-Name solution allows users to transact without the need for complex wallet addresses. It prevents hacking, phishing, SIM swaps, money laundering, and custody and exchange thefts with end-to-end cryptographic proofs without the need for passwords and logins. The MatterFi system allows humans and AI agents full transparency between transacting parties while keeping those transactions private from third parties.
Built with enterprise-grade security, MatterFi’s infrastructure integrates with software wallets, hardware wallets, and AI agents. Offering a universal, chain-agnostic financial rail inspired by the ease of use found in traditional finance apps like PayPal and Revolut, MatterFi combines cutting-edge technology with a focus on user experience. The company said its Send-to-Name system, which associates addresses with identities, is fully AML/KYC compliant on every chain, token and asset. Decentralized identities are available for all transactions, usernames and agents within the infrastructure.
“Enterprise adoption of newer DeFi technologies is not what it should be because of perceived risks and vulnerabilities surrounding these technologies. Not only that, the complexity of these technologies and reliance on complicated addresses have stalled adoption,” said founder Michael “Mehow” Pospieszalski. “MatterFi completely eliminates this by providing enterprise-grade security while making payments as intuitive and easy to use as legacy systems.”
The popularity of AI is rapidly accelerating the potential for hacking the kind of legacy payment systems popular in the enterprise, with wallet agents potentially exposing sensitive data or cyberattack vulnerabilities. The BBB Scam Tracker Risk Report has found that 80% of people targeted by such scams have lost money. MatterFi said its security is “AI-proof” and can defend against all such attacks.
