Crymbo Teams with Kirobo to Offer Safe Transfer Protocol for Institutions

Against the background of booming interest from institutional investors in digital assets, CRYMBO has built a secure and scalable solution for asset managers looking to enter an often dauntingly dynamic marketplace. Crymbo has now partnered with Intentable ’s Safe Transfer protocol to provide an even safer user-experience to clients.

“As a result of our partnership with Kirobo, we are bringing a new level of ease and simplicity to crypto activity and digital asset operations, enabling safe transfer of digital funds, and solving the problem of funds transfer security monitoring. Providing simplicity and ease of use security to our customers is our top priority, and we will be integrating more Future Conditional Transactions (FCT) solutions with Kirobo,” says Hagay Elyakim , COO of Crymbo.

“Crymbo is an innovative company that offers an exceptional product for institutional clients to enter into the digital asset marketplace”, says Kirobo co-founder and CEO Asaf Naim . “The integration of Kirobo’s Safe Transfer feature will increase the safety and sense of security for Crymbo’s client base.”

The irreversibility of blockchain transactions is a central feature in blockchain security. However, it has always presented an often terrifying situation for end-users. For example, in the early days of crypto, users would have to meticulously verify the destination wallet address. One mistake, and funds would be lost forever. Blockchain user-experience has improved immensely since then, and the verification of wallet addresses is no longer such a hassle. Yet human error is still all too common, and some form of “undo” function is an urgent necessity.

Kirobo has developed a smart contract to provide an Undo button to businesses and consumers. The undo button can be used by any crypto wallet supported by walletconnect. For users, the process is simple: the wallet is docked in the Kirobo protocol, transaction conditions are established for each wallet, and a secret phrase is generated by the initiator. Thus, the protocol harnesses the robust security features of Kirobo’s technology to provide an essential addition to blockchain infrastructure: password-protected transactions which can be canceled under specific conditions.

Crymbo will feature Kirobo’s Undo service in its marketplace, allowing institutional customers and clients to send and deposit crypto assets simply and securely without having to worry about irreversible human error. As Kirobo’s co-founder and CEO Asaf Naim explains, “with ‘Safe Transfer’, Crymbo’s clients will enjoy safe and user-friendly crypto transfers. The service allows users to retrieve transactions in case of human error and protects them from a bevy of security vulnerabilities, such as ‘man in the middle’ attacks.”

The partnership between Crymbo and Kirobo highlights the importance of technological innovation in ensuring the best possible experience for institutional asset managers, as they seek to diversify their portfolios and dive into the world of digital assets.

About Crymbo:

Crymbo redefines and simplifies the way organizations adopt and scale digital assets by providing a tech intermediary layer that enables easy and flexible deployment and management of leading digital asset solutions and services, provider/protocol agnostic.

Simple and effective management and operations of digital assets solutions that removes all major technology and security deployment complexities.

Easy to connect API (one-to-all) that covers all of the digital asset trading strategies and operations needs that dramatically shortens the time to market.

A frictionless marketplace that enables full flexibility and scalability in deploying a mix of web3 solution providers and services.

About Kirobo:

Kirobo is a technology company, developing solutions for building and interacting on the blockchain.?

Kirobo's first product was “Safe Transfer”, which allowed sending crypto with the ability to use an 'undo button', in case of error. It has also designed an on-chain wallet with backup and inheritance features.

Kirobo is now focused on building the Future Conditional Transactions (FCT) - an on-chain scripting language that greatly reduces the time to market, cost and complexity of developing new web3 features.