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