MatterFi Wins Patent for Secure Send-to-Name Technology

MatterFi, the company behind AmericanFortress, has been granted a patent for a groundbreaking send-to-name technology that addresses the security vulnerabilities of cryptocurrency transactions. This innovation allows users to send cryptocurrency by simply entering a recipient’s name instead of their wallet address, eliminating the need to share potentially vulnerable alphanumeric codes. The patented system, called FortressNames, employs secure cryptographic computation to automatically generate unique receiving addresses visible only to sender and recipient. This technology will help combat common phishing attacks in the cryptocurrency space. The patent covers dynamic address computation, a key feature for decentralized finance applications where protocols can securely identify users without compromising their privacy. **MatterFi plans to leverage this patent to empower secure transactions both for individual users and even autonomous AI agents,** who currently lack the ability to verify counterparties without exposing their wallets. The company has already garnered support from prominent organizations like Litecoin Foundation, Eqifi, Trustswap, and Brinks Global.** The company is excited to integrate this technology into applications through its AmericanFortress SDK, which enables developers to easily incorporate these features. The innovation offers a significant advancement in addressing security vulnerabilities, empowering users with more secure and user-friendly cryptocurrency transactions. This patent award comes at a crucial time as the cryptocurrency industry continues to grapple with security challenges related to address management.

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