AlphaPoint provides the technology backend for more than 20 bitcoin exchanges, including Bitfinex, the world’s largest. The exchange service provider also offers a white label solution that permits clients to launch their own digital currency exchange within one month.
The partnership with Clef will enable exchanges powered by AlphaPoint to accept Clef’s popular two-factor authentication solution.
Joe Ventura, AlphaPoint CTO, commented:
We take security extremely seriously and are always looking to leverage the latest solutions for our exchanges and their users. We’re very excited to offer Clef’s robust, intuitive solution and believe it will help ensure more traders use 2FA to protect their accounts.
Clef’s solution has been spreading quickly throughout the bitcoin ecosystem, with the company announcing major partnerships with Koinify, Ziftr, and others – all in the last month. meXBT will be the first AlphaPoint exchange to use the new integration. Two other AlphaPoint clients, Rio de Janeiro-based FlowBTC and Barbados-based Bitt, will follow shortly thereafter.
Brennen Byrne, CEO of Clef, added:
AlphaPoint is the technology leader for Bitcoin exchanges and is bringing cryptocurrency to more places around the world. They also have huge reach into Bitcoin so it’s exciting to work with them and help make 2FA on their client exchanges more accessible and user-friendly.
Security is a top priority for exchanges, which see large volumes of assets pass through their systems every day. For exchanges to protect traders, they need tools that are simple and straightforward to use. Clef’s popularity has been expanding because it helps sites attract and maintain more customers. Typically, sites that offer two-factor authentication see fewer than 1% of users opt in to protect their accounts, but sites that use Clef have seen more than 50% of their users opt in to safer login. To make logins, Clef recognizes a user’s phone instead of anything he or she needs to remember or type.
A customer can log into an AlphaPoint exchange using Clef on any computer in the world by holding their phone up to the computer screen. Using the phone’s camera and an animation called the Clef Wave, the phone seamlessly syncs with the computer and logs the user in. The process already protects more than 65,000 sites and is backed by public key cryptography, which is much stronger than any password. Clef works on any iOS or Android device, and is available for free on the Apple App Store and Google Play.