Foundation is the forth step in the Notabene Implementation phases. The goal Is to verify information before transacting. Leverage verified Originator and Beneficiary information to make robust pre-transaction decisions.
Leverage verified Originator and Beneficiary information to make robust pre-transaction decisions. This is only possible when your counterparty VASPs respond to your Travel Rule transfers (in withdrawals) and send you Travel Rule transfers (for deposits). This is only fully achievable post-Sunrise period.
What steps should I take?
Required tasks:
Update setting so blockchain transactions are authorised only after approved by your counterparty.
Recommended tasks:
Process incoming Travel Rule transfer by integrating the txNotify endpoint.
Once you have completed the required tasks, you can move to the next phase. However, it is important to note that completing all the recommended tasks will increase your chances of success in the next phases.
More technical information is available on our Documentation.
If you have any questions or need assistance with this process, do not hesitate to contact us at support@notabene.id.