TechFlow news — On December 17, according to CoinDesk, fintech giant Revolut plans to roll out Revolut Pay to cryptocurrency customers starting in 2025 to strengthen protection against fraud attacks.
In a statement, Revolut said that a 12-month pilot involving companies using the enhanced due diligence features of Revolut Pay—direct API integration and end-to-end payment process control—showed approximately a 50% reduction in fraud attempts targeting cryptocurrency customers. The enhanced features include Know-Your-Customer (KYC) name matching, fraud warning screens, proof of cryptocurrency delivery, and the ability for crypto merchants to receive transaction risk scores.
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