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lin
@xiyan
Financial technology firm Revolut plans to extend its security wrapper Revolut Pay to crypto customers starting in early 2025 to enhance protection against fraudulent attacks. Revolut Pay includes Know Your Customer (KYC) name matching, fraud warning screens, proof of cryptocurrency delivery, and the ability for cryptocurrency merchants to receive a transaction risk score. Revolut said that a 12-month pilot for companies using Revolut Pay's enhanced due diligence, direct API integration, and end-to-end control of the payment process showed a reduction in fraud attempts by cryptocurrency customers by about 50 percent.
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