AOPP (Address Ownership Proof Protocol) is a protocol standard that enables users to automatically prove their ownership of a Bitcoin wallet to the broker. This is done by means of a signed message from the wallet, which significantly simplifies and accelerates the compliance process for Travel Rule requirements. The protocol was developed to make the verification process more user-friendly for users.
Does Coinfinity receive additional information through the use of AOPP?
No, the message to be signed is prepared by us so that it can only contain data that is already known to Coinfinity.
Is any data shared with third parties?
No, the signed message is sent back to the initiator, i.e., the exchange. No central or third party is involved in the AOPP protocol. The protocol is transparent and open source.
You can find more details on the BitBox website: support.bitbox.swiss