Building on the commitment to equipping our operators with tools to foster growth and ensure regulatory compliance, we have integrated Elliptic for cryptocurrency address risk scoring into our latest software release. This new compliance feature provides an additional solution to assess the risk associated with crypto addresses in real-time, contributing to safer and more compliant transactions.

Similar to our existing Scorechain integration, enabling Elliptic allows operators to analyze the risk level of addresses involved in transactions at their Bitcoin ATMs. When activated, both the crypto address presented for cash-in transactions and the originating address of cash-out transactions are sent to Elliptic for comprehensive risk analysis. If Elliptic flags an address as high-risk, based on predefined thresholds set by the operator, the transaction is halted, and the operator receives an alert. This helps ensure your Bitcoin ATMs adhere to legal requirements.

This integration expands the suite of third-party compliance options available to Lamassu operators. Elliptic is a provider of cryptocurrency and blockchain analytics, offering risk assessments of data points, including address associations, transaction patterns, and illicit activities.

Integrating Elliptic into your Lamassu Admin is a straightforward process. Once you have an active Elliptic account and API key, you can configure the feature within your admin panel, and define your risk threshold based on your specific compliance requirements. The system will then automatically handle the real-time risk assessment for your transactions.

As always, if you have any questions or require assistance with the setup, our dedicated support is readily available to help. We are continuously exploring and integrating solutions to enhance your operations and ensure the long-term success of your Bitcoin ATM business.