The TRP Travel Address Encoder
21 Analytics
Travel Rule Compliance Software - Transact with VASPs and self-hosted wallets, with guaranteed data protection.
In our previous article, The Crypto IBAN: The Travel Address, we introduced the Travel Address - the answer to the VASP discovery problem.?
As explained in that blog, the Travel Address is a string of characters similar to a bitcoin address that allows for the early and accurate identification of whether a wallet is self-hosted or custodial.?
The Travel Rule Protocol (TRP) Travel Address Encoder is a free tool for VASP software engineering teams and compliance officers who want to test the Travel Address functionality.
What Does the TRP Travel Address Encoder Do?
Developed by 21 Analytics, the TRP Travel Address Encoder is a user-friendly tool that simplifies encoding Travel Rule inquiries and decoding Travel Addresses.
Users can test the tool with our example data or input their own. To reverse the process, paste the encoded Travel Address into the provided box and click Decode. This intuitive process helps users understand the full functionality of Travel Addresses in a practical, hands-on way.
Breaking Down Travel Rule Inquiries with the Encoder
The TRP Travel Address Encoder reveals the core components of a Travel Address:
- The beneficiary VASP’s name
- A user-specific identifier
Like an IBAN, a Travel Address contains no personal information, ensuring enhanced privacy and security. Even if intercepted, the Travel Address cannot be exploited to withdraw assets. Its sole purpose is to convey Travel Rule information securely prior to a transfer.
Want to know more? Read: Is There a Difference Between an IBAN and a Travel Address?
Contact 21 Analytics today to learn more about the TRP Travel Address Encoder and how it can benefit your team.??