Datavisor - Digital Fraud - April 2022 - A new look at consumers' growing interest in cryptocurrency and how users are navigating its unique risks

Wirex Says Consumers' Crypto Concerns Must Be Addressed to Increase Adoption

Digital Fraud Tracker® – April 2022

While cryptocurrencies have the potential for faster cross-border transactions at a lower cost, common misconceptions hold back broader consumer adoption. In the “Digital Fraud Tracker®,” a PYMNTS and Datavisor collaboration, Wirex’s Tony Lees explains how crypto-linked debit cards, stringent onboarding processes and vigilant monitoring systems can help simplify use and ease fraud concerns preventing mainstream uptake.

Inside the April Tracker

  • An interview with Tony Lees, chief product officer at cryptocurrency platform Wirex, on the growing use of cryptocurrency and how products such as crypto-linked debit cards make it easier for consumers to transact with it, as well as how safety and security concerns are being addressed to increase adoption
  • The latest headlines from around the digital fraud space, including how N26 may soon offer in-app crypto trading and why FIs need to ensure security protocols are balanced with usability to keep customers satisfied
  • PYMNTS Intelligence examining the unique fraud and scam risks associated with cryptocurrencies and the measures being taken to make the space more secure

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