In an effort to increase the security of users, DigiThree Labs and LCX recently announced a collaboration. Both companies have partnered to provide a formal Proof-of-Concept agreement.
According to the details shared by LCX, the new partnership will enhance user security and eventually play an important role in the growth of the digital asset ecosystem. Founded in 2018, LCX is a regulated platform for buying and selling digital currencies.
LCX highlighted the importance of a secure and efficient login procedure. The company added that it will pilot the DGMV Authenticator to secure its login procedures and safeguard passwords. LCX mentioned that the DGMV Authenticator is a highly secure authentication method based on blockchain technology.
Monty Metger, the CEO of LCX, said: “Security threats are rising, and phishing attacks are often targeting login details of users. That’s why we are excited to work with DigiCorp Labs to pilot the latest cyber security technologies and in particular the DGMV Authenticator.”
LCX noted that the initial rollout will be in the second and third quarters of 2022. The exchange is headquartered in Vaduz with offices in Zug and New Delhi.
Security
With the growing popularity and user base of digital assets, exchanges have introduced several efficient methods in the past few years to increase the overall security of users in the crypto ecosystem.
Jozua van der Deijl, the CEO at DigiCorp Labs, said, “DigiCorp Labs is excited that LCX is taking user security very seriously, and we hope this sets an example for other exchanges to integrate DGMV Authenticator as an extra level of security on their platforms.”
“With our consistent and friendly relationship with DigiCorp Labs, we are confident in the DGMV Authenticator and believe that it will digitally transform security in every industry,” the company added in the press release.
