Blockchain Intelligence Group (BIG) BitRank Verified Service & Reitium Partner For AML Efforts
BIG, a blockchain-based firm that provides search and analytics solutions for crypto security and accountability, has recently joined forces with Reitium, a global asset-backed blockchain real-estate platform.
According to the agreement made, BIG will implement its services onto the Reitium platform mainly, its two products and services, the BitRank and QLUE.
BIG’s BitRank Verified is a risk-scoring tool that aims to provide instant information on cryptocurrency wallets. Its uses will also help to identify and report any risks associated with cryptos while increasing performance up to 7 billion lookups per month.
QLUE, also referred to as Qualitative Law Enforcement Unified Edge, will help Reitium capture suspicious transactions. Investigators will benefit from QLUE the most, as it can help towards putting an end to prohibited activities such as money laundering, human trafficking, terrorism financing and other cyber and crypto-utilized crimes.
CEO of BIG, Lance Morginn has expressed excitement in the partnership, as he believes Reitium can provide users with a transparent and secure platform. Specifically, Morginn stated,
“This partnership is another example of how BitRank Verified can be easily integrated into a wide range of crypto platforms through our robust API… there’s a growing need for AML and transaction risk-scoring whenever cryptocurrencies are involved.”
CEO of Reitium, Thomas Park reasons that their mission in bringing a secure global real estate platform can be improved with BIG’s BitRank, which will give investors more confidence. In particular, Park stated,
“Investors must be able to trust the process and feel confident when using our platform. That’s why we chose to partner with BIG and their BitRank Service… BitRank is the premium option for helping us give our customers the safety and security they deserve.”