Neobank EQIFi is teaming up with Wyoming-based MatterFi to combat cryptocurrency security issues using improved web3 techniques. 🛡️ According to ImmuneFi, in the first quarter of 2024, hackers stole more than $200 million in digital assets. EQIFi and MatterFi emphasize that traditional security methods such as alphanumeric passwords and two-factor authentication are outdated. The new technology will allow users to send any crypto token, such as Ethereum (ETH) ERC-20 assets, by name, and the other party can use cryptographic proof to verify their identity.