ChainCatcher news, according to Coindesk, fintech giant Revolut plans to launch Revolut Pay for cryptocurrency customers starting in 2025 to bolster protection against fraud attacks.

In a statement, Revolut said that a 12-month pilot conducted on companies using Revolut Pay's enhanced due diligence, direct API integration, and end-to-end payment process control showed that fraud attempts against cryptocurrency customers were reduced by about 50%.

These enhancements include Know Your Customer (KYC) name matching, fraud alert screens, proof of cryptocurrency delivery, and the ability for cryptocurrency merchants to receive transaction risk scores.