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Tag: everus

  • Everus Goes Consumer-Centric With Debit Cards and Hardware Wallets

    Everus Goes Consumer-Centric With Debit Cards and Hardware Wallets

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    Everus steps up security and usability.

    Press Release
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    updated: Dec 27, 2017


    KUALA LUMPUR, Malaysia, December 27, 2017 (Newswire.com)
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    Everus Technologies Sdn Bhd, a fintech company based in Kuala Lumpur, Malaysia, recently released the pre-ordering of two new products in their ecosystem Everus World – the Everus Hardware Wallet and the EVR Rewards Debit Card.

    “The increasing number of security breaches in the crypto world recently shows that there are some questionable issues regarding the security of crypto wallets. Are they really safe? We at Everus are confident in our wallet security but we need to be a step ahead to protect our users against hackers out there,” said Everus CEO and Founder, Srinivas Oddati.

    The increasing number of security breaches in the crypto world recently shows that there are some questionable issues regarding the security of crypto wallets. Are they really safe? We at Everus are confident in our wallet security but we need to be a step ahead to protect our users against hackers out there.

    Srinivas Oddati, Everus CEO and Founder

    Although the Everus wallet is currently safe and up to military grade standard of security, the need for additional security is essential in order to be on top of the game.

    “The Everus hardware wallet is a secure EVR storage and transaction signing tool. With the private keys generated by the device itself, keys never leave the hardware wallet and therefore cannot be accessed by malware,” he said.

    Everus is also introducing the EVR Rewards Debit Card, the best option for the usability and spendability of EVRs. With the introduction of this debit card, Everus is strengthening their position as a usable cryptocurrency where EVRs holders can use it like a normal debit card, except it pulls from a cryptocurrency wallet instead of a bank account.

    “They can shop and pay for anything as a normal debit card does. Soon, this exact debit card will also be usable in our ATMs (ALTARS) for EVR holders to withdraw fiat currency,” said Oddati.

    Talking about future expansion plans, Oddati is confident that the demand of EVRs will increase steadily as time goes by. “We aim to make cryptocurrency consumer-centric, not just for trading but to be used as money,” he added, referring to the Everus ecosystem of usable and spendable cryptocurrency which has been the Everus vision since its birth. He also commented although Everus has faced “challenges of epic proportions” over the past six months, it is navigating the tides quite well and is steady on course towards the vision of Everus World.

    The EVR Rewards Debit Card and the Everus Hardware Wallet can be pre-ordered starting from 26th December 2017 by simply signing in to their account at www.everus.org.

    About Everus

    Everus Technologies is a private blockchain solution provider in the fintech industry. The company, established by Founder & CEO, Srinivas Oddati has been actively providing services in Kuala Lumpur, Malaysia.

    For more info visit: www.everus.org & www.everusmall.com

    Follow us on social media:

    Facebook: https://www.facebook.com/everusworld

    Twitter: https://twitter.com/everusworld

    Instagram: https://www.instagram.com/everusworld

    Source: Everus Technologies

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  • Everus Welcomes Bank Negara Malaysia’s Move to Prevent Cryptocurrency Abuse, Implements KYC in Anticipation of AML/CFT Laws

    Everus Welcomes Bank Negara Malaysia’s Move to Prevent Cryptocurrency Abuse, Implements KYC in Anticipation of AML/CFT Laws

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    Press Release
    –


    updated: Nov 29, 2017


    KUALA LUMPUR, Malaysia, November 28, 2017 (Newswire.com)
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    ​In light of the Malaysian Central Bank’s (BNM) move to enforce preventive measures for the misuse of cryptocurrency for money laundering and terrorist financing in 2018, Everus Technologies Sdn Bhd is laying out a plan to aid compliance, starting with a preliminary, multi-tier “Know Your Customer” (KYC) verification for its cryptocurrency wallets.

    Recent news headlines suggest Malaysians could anticipate cryptocurrency playing an active role in the economic ecosystem very soon. Malaysian Central Bank governor, Tan Sri Muhammad Ibrahim recently commented: “Beginning 2018, Bank Negara will designate persons converting cryptocurrencies into fiat-money currencies as reporting institutions under the Anti-Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA) 2001. This is to prevent the abuse of the system for criminal and unlawful activities and ensuring the stability and integrity of the financial system.”

    Although it seems that a regulated environment may challenge the intrinsic nature of cryptocurrency, it is a catalyst that accelerates mainstream user adoption.

    Srinivas Oddati, CEO, Everus Technologies

    As a new era of decentralized currency dawns on the financial world, it is crucial that the great benefits and potential of cryptocurrencies and its foundational blockchain technology are not eclipsed by those who seek to exploit these platforms for criminal or destructive activities.

    In an interview at the Everus Technologies headquarters in Kuala Lumpur, Malaysia, Everus CEO Srinivas Oddati lauded the Central Bank’s objective, acknowledging the role of regulatory measures in cryptocurrency and adoption other financial innovations.

    “Although it seems that a regulated environment may challenge the intrinsic nature of cryptocurrency, it is a catalyst that accelerates mainstream user adoption. By introducing preventive measures against money laundering, terrorism financing and other potential threats to the integrity of this powerful technology, its benefits can be enjoyed by the masses with less apprehension and fear,” he said.

    Oddati also hinted that Everus was already developing “user-rewarding” features of their EVR cryptocurrency wallet in anticipation of this regulated endorsement of cryptocurrency and exchanges by BNM. “Our gamification model for the upcoming Everus World app will incentivize users to verify their submitted information for KYC. We are happy to be able to aid compliance and will strive to provide a safe, transparent and enjoyable cryptocurrency experience for our users,” he said.

    Taking a huge step forward, Everus’ home ground Malaysia is one of the first few Asian countries to begin embracing the digital currency. This implementation of AML/CFT comes with preventive measures that include conducting risk assessments, application of customer due diligence, submission of suspicious transaction reports (STR), cash threshold report, maintenance and retention of transaction records.

    Oddati closed his statement by reaffirming that Everus Technologies Sdn Bhd will do their part, taking the necessary steps to aid the Central Bank in mitigating, identifying and preventing cases of misuse of their technology.

    Source: Everus Technologies

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