Today Mastercard launched Crypto Secure, a new service for card issuers that aims to flag risky cryptocurrency exchanges. The solution is based on tech from CipherTrace, the crypto intelligence firm it acquired in September last year.
CipherTrace has tools to assess wallets and cryptocurrency service providers. And it is mainly this latter point that is being used here. Card issuers will have a color-coded dashboard to see transaction approvals and declines, view their overall crypto risk exposure, and compare themselves to other card issuers.
Based on these assessments, the card issuer can choose to flag or block transactions with more questionable crypto exchanges.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
