MatterFi has unveiled its enterprise-ready platform, which offers a “phishing-proof” fintech infrastructure to the market.
The launch comes after a comprehensive six-month beta phase, as announced by MatterFi in a press release dated Dec. 3, shared with crypto.news.
The goal is to facilitate secure digital finance for both humans and AI. A central component of this infrastructure is an AI-driven agent equipped with a “send-to-name” feature, allowing users to transact without the need for complicated wallet addresses.
By integrating with software wallets, hardware wallets, and AI agents, while utilizing chain-agnostic financial rails, MatterFi ensures users enjoy multiple security layers during transactions. The platform is designed to protect users from various threats, including hacking, phishing, and SIM swaps, along with other security vulnerabilities.
With end-to-end cryptographic proofs eliminating the need for user passwords and login credentials, both humans and AI agents can securely transact with any parties involved. Its functionality is comparable to what global finance applications like Revolut and PayPal offer.
“The adoption of newer DeFi technologies by enterprises is not where it needs to be, primarily due to perceived risks and vulnerabilities associated with these innovations. Additionally, the inherent complexity of these technologies and the reliance on complicated addresses have hindered wider adoption,” said MatterFi founder Michael “Mehow” Pospieszalski.
Importantly, MatterFi asserts that all transactions remain confidential, which is crucial in the crypto space, especially as data indicates a staggering 150% increase in web3 phishing attacks in 2024. In October, blockchain security firm Certik reported that phishing attacks, along with private key leaks, had resulted in a loss of $668 million for users across the ecosystem in Q3 of 2024. Further data indicates that 80% of individuals affected by phishing attacks incur financial losses.
In May 2024, MatterFi partnered with neobank EQIFi to enhance crypto security.
This collaboration is focused on leveraging MatterFi’s technology to combat the escalating issues of crypto theft, fraud, and money laundering. Both EQIFi and MatterFi confirmed that the partnership would utilize the “send-to-name” feature on a peer-to-peer platform to provide this advantage to users.
