Revolut Pay expands to enhance crypto fraud protection
Revolut plans to extend its Revolut Pay security platform to crypto transactions in 2025, enhancing fraud protection for its customers.
This move is aimed at reducing fraudulent activities commonly associated with crypto transactions. Revolut noted that current card transactions and bank transfers to exchanges offer limited anti-fraud measures, leaving users vulnerable to scams.
A 12-month pilot program using Revolut Pay demonstrated a 50% reduction in fraud attempts for crypto customers. Key features include enhanced know-your-customer (KYC) name matching, fraud alerts, proof of crypto delivery, and transaction risk scoring for merchants.
Representatives highlight that crypto companies can use Revolut Pay as a payment…
