News

SPIRIT Blockchain partners with DMG Blockchain Solutions

March 15, 2019, Vancouver, British Columbia, Canada

SPIRIT Blockchain Capital Inc. has partnered with DMG Blockchain Solutions Inc. (TSX-V:DMGI) to sell DMG's crypto analytics software for forensics and anti-money laundering (AML). SPIRIT Blockchain delivers blockchain technology and applications to enterprise and government clients, including blockchain transactions oversight and forensics. SPIRIT Blockchain intends to sell DMG's Walletscore and Blockseer software products to leading financial institutions, government regulators, exchanges, law enforcement agencies, and service providers in Switzerland and throughout Europe.

SPIRIT Blockchain CEO, Erich Perroulaz stated, "We are excited to be working with DMG Blockchain Solutions. DMG develops and supports high-quality solutions in the digital asset and cryptocurrency industry with its Walletscore and Blockseer products. Through our partnership with DMG, we are able to provide European institutions, financial firms and merchants access to a variety of timely solutions. DMG products deliver AML, KYC, forensic tracking and data analytics capabilities, all of which bring further value to SPIRIT Blockchain's portfolio and clients.

DMG CEO Dan Reitzik stated, "The release of the Walletscore API enables exchanges, financial instituions online casinos, and others to very quickly determine the AML risk of transacting with their existing and new customers. The timing of the release is ideal as Switzerland has been a global leader for nuturing cryptocurrency and blockchain technology, so it made sense to partner with a company that deeply understands the local market. SPIRIT Blokchain brings cryptocurrency expertise and more, as it also had deep relationships with the traditional financial services industry."