10/4, 5:24 PM (Source: TeleTrader)
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Mastercard unveils tool to identify crypto fraud

Mastercard unveiled its newest tool on Tuesday, Crypto Secure, with the goal of securing the digital ecosystem and assisting banks in identifying criminal activity related to cryptocurrency exchanges on its payment network.

"Crypto Secure will provide card issuers with a platform that allows them access to insights that will improve the safety of crypto purchases, increasing consumer confidence and creating the same trust they expect when paying with Mastercard," President of Mastercard Cyber and Intelligence Ajay Bhalla stated.

In line with Mastercard's broader digital assets strategy, Crypto Secure will allow users to spend funds from their cryptocurrency accounts in regular transactions without any issues, bridging the gap between traditional finance and the world of cryptocurrencies.

Baha Breaking News (BBN) / AB