Revolut plans to launch Revolut Pay for crypto customers next year
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2024-12-17 17:32 8,912
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Golden Finance reports that fintech giant Revolut plans to launch Revolut Pay to cryptocurrency customers starting in 2025 to enhance protection against fraud attacks. Revolut said in a statement that a 12-month pilot of companies using Revolut Pay’s enhanced due diligence, direct API integration and end-to-end payment process control showed that cryptocurrency customers experienced approximately 50 fewer fraud attempts. %.
These enhancements include Know Your Customer (KYC) name matching, fraud warning screens, proof of cryptocurrency delivery, and the ability for cryptocurrency merchants to receive transaction risk scores.