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Fintech giant Revolut has revealed that it will roll out its payment solution, Revolut Pay, to its cryptocurrency users in 2025. The change is to enhance user protection against the scams that have surfaced as rampant issues within the cryptocurrency market. As scams have become more widespread, Revolut wants to ensure its users&#39; cryptocurrency transactions are safer.Fraud Risks in CryptoThe problem is that crypto customers have limited visibility into exchange payments, leaving them vulnerable to fraud. Payment by card is another Revolut service lacking basic anti-fraud measures for such customers. Crypto transactions are more susceptible to <a href="https://cryptotale.org/dogwifhat-hack-exposes-rising-crypto-scams-on-social-media/" rel="noopener noreferrer nofollow">scams</a> than conventional transactions, and the former are harder to track.The new fraud prevention measures proposed by Revolut were tested in the pilot program and demonstrated the effectiveness of the solution. During the 12-month trial, cryptocurrency users encountered 50% fewer attempts of fraud while using the improvements of Revolut Pay. Some of these enhancements include improved KYC matching, fraud alert systems, and transaction risk scoring for crypto merchants.<a href="https://cryptotale.org/revolut-to-boost-crypto-security-with-new-fraud-prevention/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Revolut to Boost Crypto Security with New Fraud Prevention

CryptoTale

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