The fintech company Revolut plans to extend its security wrapper Revolut Pay to cryptocurrency customers starting in early 2025 to enhance protection against fraud attacks. Revolut Pay includes know your customer (KYC) name matching, fraud alert screens, proof of cryptocurrency delivery, and the ability to assess transaction risk scores for cryptocurrency merchant acceptance. Revolut stated that a 12-month pilot was conducted with companies that strengthened due diligence, direct API integration, and end-to-end control over payment processes using Revolut Pay, resulting in approximately a 50% reduction in fraud attempts faced by cryptocurrency customers. (CoinDesk)