Elliptic: Announces Investment From J.P. Morgan
- Elliptic became the first blockchain analytics provider to provide support for the Mimblewimble privacy feature on Litecoin
- This enables regulated businesses to continue to support Litecoin transactions
- The Mimblewimble protocol was incorporated into Litecoin just last week
- Solutions do not seek to trace or deanonymize confidential Litecoin transactions
- Instead, they allow businesses to identify whether a Litecoin transaction or wallet includes funds
- Compliance professionals can then use this information to assess risk and perform further due diligence
