Socure - Alternative Payments - April 2022 - Explore how cryptocurrency exchanges are leveraging document verification to authenticate users

Crypto.com Uses Biometrics, Wallet White-Listing to Weed Out Bad Actors

Alternative Payments Tracker®

Cryptocurrency may have entered the mainstream, but security concerns still linger surrounding its potential money-laundering uses. In this month’s “Alternative Payments Tracker®,” a PYMNTS and Socure collaboration, Eric Anziani, Crypto.com COO told PYMNTS how leveraging multifactor authentication with biometrics and wallet white-listing weeds out bad actors without creating friction.

Inside the April Tracker

  • An interview with Anziani, chief operating officer at Crypto.com, about why enhanced cybersecurity measures will be critical to promoting more widespread use of cryptocurrency
  • Recent alternative payment headlines, including new regulation to monitor cryptocurrencies and why some enthusiasts are angry about new KYC efforts
  • PYMNTS Intelligence examining how fraudsters attempt to scam cryptocurrency owners and merchants and how user authentication can keep fraud at a minimum

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