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Revolut plans to launch Revolut Pay for encryption customers next year to enhance protection against cryptocurrency fraud.
ChainCatcher News, according to Coindesk, fintech giant Revolut plans to launch Revolut Pay for cryptocurrency customers starting from 2025 to enhance protection against fraud attacks. Revolut said in a statement that a 12-month pilot for companies using Revolut Pay enhanced due diligence, direct API integration, and end-to-end payment process control showed a 50% reduction in fraud attempts for Cryptocurrency customers. These enhanced features include understanding customer (KYC) name matching, fraud alert screens, Cryptocurrency delivery proof, and the ability to receive transaction risk scores for Cryptocurrency merchants.