Deep Tide TechFlow News, on December 17, according to Coindesk, fintech giant Revolut plans to launch Revolut Pay for cryptocurrency customers starting in 2025 to enhance protection against fraud attacks.

Revolut stated in a press release 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 approximately 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.