BlockchainBlockchain Platform, Merkle Science introduces Bitcoin SV support

PRNewswire PRNewswireJune 18, 20214 min

Merkle Science, a predictive blockchain monitoring and investigative platform, has today announced that it has introduced support for Bitcoin SV (BSV) to its transaction monitoring coverage.

From today, Merkle Science customers will be able to use the platform’s Blockchain Monitor tool, a behaviour-based transaction monitoring and risk reporting solution which allows users to easily identify – and respond immediately to – suspicious transactions, without relying on backwards-facing blacklists. The tool is highly customisable and easy to use, enabling users to not only easily fulfil their compliance requirements with regulators, but turn that compliance into a competitive advantage by managing and reducing the risks of fines and sanctions, as well as driving growth and expansion across multiple geographies and business lines.

Founded in 2018, Merkle Science is an established and trusted component of the digital asset ecosystem. Digital asset business, financial institution and government entities rely on Merkle Science to detect, investigate and prevent illegal activity.

Speaking on today’s announcement, Merkle Science co-founder and CEO Mriganka Pattnaik, said:

“We see our role in the ecosystem as building the infrastructure needed to ensure that anyone can transact with crypto safely, and so that the innovators, the builders, and disruptors in the ecosystem can focus on what they do best — scaling and growing their businesses. By adding BSV to Merkle Science’s coin coverage, we are ensuring the safety of those transacting and building on Bitcoin SV and supporting the healthy and sustainable growth of the protocol.”

Also speaking, Bitcoin Association Founding President Jimmy Nguyen, commented:

“In the BSV ecosystem, we place significant emphasis on security and regulatory compliance, as they are key elements for the mainstream growth of digital assets. Services like Merkle Science play a crucial role in providing the tools and infrastructure necessary to ensure that digital asset users remain honest – instilling confidence in businesses, end-users and regulators alike. We are pleased that Merkle Science has added BSV support and will be another compliance tool available for business users of the BSV network.”

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