Mastercard wants to make crypto safer with its new crypto product
Join Our Telegram channel to stay up to date on breaking news coverage Mastercard, a large corporate financial services firm, has launched a new Crypto Secure solution. Its primary objective is to support banking institutions in avoiding fraudulent cases involving digital products. Mastercard has established itself as a crypto-focused company in recent years, with several of its managers and directors vocal supporters of the sector. The payment systems behemoth increased its virtual currency attempts by introducing a function that might decrease fraud and dishonest instances in the industry. Ajay Bhalla, Mastercard’s Leader of intelligence and cyber business, told CNBC that the product is called Crypto Secure. It uses sophisticated AI techniques to identify criminal networks, making it especially useful for financial institutions . CipherTrace, a crypto startup , will be the architect for launching the platform as a companion in the venture. Regarding the move, Bhalla s...