VANCOUVER, BC , Jan. 31, 2023 /PRNewswire/ — CycurID Technologies Ltd., (“CycurID” or the “Company”), is pleased to announce the release of the first fully compliant, transaction-monitored and privacy-based, no-custody cryptocurrency wallet.
The Imme™ Wallet was developed to allow everyday people to participate in the emerging digital market without fear of dealing with cryptocurrencies from illegal sources and activities such as sanctioned wallets and the dark web.
Mehdi Mehrtash, CTO and Co-Founder of CycurID, said: “Some of the biggest barriers preventing mass adoption of cryptocurrencies are: lack of understanding due to the use of technical jargon and misinformation about the real risks involved in handling cryptocurrencies. The Imme™ app and wallet have been developed to provide an easy-to-use, consumer-centric and transparent user experience that preserves users’ anonymity and provides feedback on the quality of their transactions.
Similar to opening a bank account, users of imme™ Wallet are authenticated through an automatic onboarding process that performs ID and background verification. Once setup is complete, they can set up their wallet. imme™ Wallet includes other features such as: wallet reputation, transaction scoring, biometric transaction authorization, support for ETH and all ECR20 tokens, cloud-based wallet backup, and the ability to use Web3 domains provided by Unstoppable Domains.
“We’re working to bring Web3 to the world, and the integration with the CycurID crypto wallet will help us do that,” said Sandy Carter, President and Channel Manager of Unstoppable Domains. “To become a part of Web3, people need to feel safe, which is why we align with CycurID’s vision of a secure and compliant Web3 experience.”
All imme™ Wallet transactions are reviewed to determine if any of their funds have been commingled with funds from illegal activities or sources such as the dark web, sanctioned wallets and/or proceeds of crime. A fee of 0.25% is charged for each outgoing transaction, which covers ongoing monitoring and sanctioned address verification. This fee is added to the normal gas fee.
Mehrtash added: “Our company’s main goal is to ensure that consumer and business protections are central to all online transactions, while meeting regulatory and reporting requirements.”
For more information on CycurID’s complete suite of cost-effective identity solutions, visit the company’s website at https://cycurid.com or contact CycurID here. Read more about imme™ at imme.io or contact the imme™ team here.
No offer or solicitation.
This press release is not a solicitation of a proxy, consent or authorization with respect to the securities or the proposed business combination. This press release is also not an offer to sell securities or a solicitation of an offer to buy securities, and no securities may be sold in any province, state or jurisdiction in which such offer, offer or sale would be unlawful prior to registration or acceptance under the securities laws of any such jurisdiction.
CycurID Technologies Ltd. – CycurID is a privately held developer of personal identity management and security software based in Vancouver, British Columbia. CycurID™ has developed proprietary identity management and privacy software available through its consumer application imme™ (I’m me). CycurID is registered as a Better Business Bureau, WorkSafe BC and FINTRAC Money Service Business (MSB). CycurID™ and imme™ are registered trademarks of CycurID Technologies Ltd. CycurID is also registered in the US as CycurID Technologies USA Ltd.
Unless expressly stated, the company does not seek to retain ownership or interest in any images. All images are used under license from the Company, which allows the Company to use, reproduce, archive, edit and display the Work in any media for (1) advertising, marketing, promotional and decorative purposes; and (2) for personal and non-commercial use.
Unstoppable Domains – Founded in 2018, Unstoppable Domains is a provider of Web3 domains and a digital identity platform. Unstoppable Domains offers blockchain-based Web3 domains that give people full ownership and control of their digital identity with no renewal fees. Unstoppable domains allow people to replace long alphanumeric crypto wallet addresses with a human-readable name and log into and transact with hundreds of apps, wallets, exchanges, and marketplaces. Forbes named the company one of America’s best startup employers in 2022.
Warning about forward-looking information
This release contains certain statements that may be considered “forward-looking statements.” All statements in this release, other than statements of historical fact regarding events or developments that the Company expects to occur, are forward-looking statements, including without limitation the Company’s expected growth and success. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects.” , “possible” and similar expressions or events or circumstances “will”, “would”, “might”, “might” or “should” occur. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future results, and actual results may differ materially from those expressed in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include regulatory actions, market prices and the continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Statements regarding the future are based on the beliefs, estimates and opinions of the company’s management on the day the statements are made. Except as required by applicable securities laws, the company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions or other factors change.
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SOURCE CycurID Technologies Ltd.