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Recommended this product
Review of PARSIQ
Businesses, traders, and individual users can benefit from the ability to monitor activity on their crypto addresses in real-time. PARSIQ empowers these users with better security, compliance, and actionable insights into their transactions.
For anyone with crypto holdings, trades, or any transactions on the blockchain, one smart way to ensure the integrity of your transactions is to get real-time notifications on any of your preferred platforms, such as email, SMS or messaging app like Telegram. With PARSIQ’s automation, these alerts can provide much-needed information about the transactions as they happen — and this can even be configurable to detect blockchain activity as early as the mempool level, meaning you can get alerted of upcoming transactions even before they are fully confirmed on the blockchain.
Here are five benefits you can get from instant notifications.
1. 📱 Mobile notifications
PARSIQ provides the ability to notify a user’s mobile device through Telegram for any movement that involves your wallet address. The most basic use case here would be to know whether you have received payments or other transactions on your wallet.
2. 💸 Confirmation of outgoing transactions
You can even get real-time statuses of transactions that are in the confirmation stage, which is helpful especially for blockchains like Bitcoin where the typical confirmation times are in the minutes range.
3. 📉 Market data
Another benefit is the ability to gain market data and insights. These can include the exchange value of the transaction (e.g., relative to fiat currency or other cryptocurrencies). This can be particularly useful when keeping track of your portfolio in a certain fiat value or as an exchange value compared with another currency type.
This also enables businesses to conduct proper audits on transactions, which can be important for compliance.
4. 👀 Risk data
Speaking about compliance, another benefit of being able to monitor transactions on your crypto address is gaining more intelligence over these transactions. This can help determine the origins of these transactions, such as if the funds came from a blacklisted address. Such insights can be configured not only one level deep, but PARSIQ’s solution can be used to trace back the origin of transactions from multiple steps and sources–you can determine whether these are from blacklisted, greylisted or whitelisted sources.
5. 💪🏻 Security
Security is perhaps the biggest benefit of real-time monitoring of blockchain addresses. As earlier mentioned, PARSIQ provides the ability to be alerted of any incoming or outgoing transactions, even down to the blockchain mempool level. Thus, you can get alerted even before the actual transactions are confirmed.
Recommended this product
Review of PARSIQ
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