Branta, a provider of advanced payment verification for Bitcoin and Lightning, has partnered with Amboss, a provider of payment operations solutions for the Bitcoin Lightning Network, to bring a risk management solution for irreversible Bitcoin transactions. By integrating Branta’s payment verification with Amboss’ compliance tools, businesses now have a solution to mitigate fraud risks or illegal transactions.
The Bybit hack, which saw nearly $1.5 billion in cryptocurrency stolen in February, has heightened concerns around vulnerabilities in routine transfers, showing how sophisticated attacks can bypass commonplace security measures. This breach undermined complex security measures, leaving exchanges, vaults, and payment providers with concerns that similar manipulations could redirect funds to hackers, leaving little recourse due to the irreversible nature of the transactions.
In response, Branta and Amboss have joined forces to provide businesses with a solution that mitigates risks, enhances trust, and sets a new standard for the industry. This combination of payment solutions offers protection against both client-side and server-side exploits.
“Protecting against sophisticated cyber attacks is essential for digital payments, especially with irreversible payments like Bitcoin,” Jesse Shrader, CEO and co-founder of Amboss, said. “Our collaboration with Branta enables a safer and more efficient future without fraud and compliance risks.”
“Our collaboration with Amboss is a direct response to the growing need for robust risk management solutions in the Bitcoin and Lightning ecosystems. We’re committed to providing businesses with the tools they need to navigate what can be a daunting and complex landscape,” said Keith Gardner, founder and CEO of Branta. “By combining Branta’s real-time payment verification with Amboss’ cutting-edge AML and OFAC compliance tools, we’re empowering enterprises to transact with confidence, security, and transparency seamlessly —setting a new standard for professional operations in the industry.”
Branta Powered By Amboss provides a range of benefits for businesses, including:
Payment verification: Guardrail by Branta ensures transactions are secure and meet business rules.
Regulatory compliance: Amboss’ AML and OFAC compliance solutions help businesses navigate evolving regulations.
Strengthened security and trust: The combined solution provides a defence against sophisticated cyber attacks.
Empowering enterprises: Branta Powered by Amboss enables banks and institutions to confidently integrate Bitcoin and Lightning payments.
