SNEAK PEEK<ul><li>A new piece of software from Mastercard will be unveiled on Tuesday to assist banks in identifying and blocking transactions from fraudulent cryptocurrency exchanges.</li><li>The service is powered by CipherTrace, a blockchain security startup that Mastercard acquired last year.</li><li>Mastercard is introducing the solution in response to an uptick in criminal activity in the developing digital asset sector.</li></ul>According to a CNBC story, payments giant Mastercard is introducing Crypto Secure today. This new software application is intended to assist banks and other card issuers in identifying and blocking fraudulent transactions via cryptocurrency exchanges.For Mastercard’s currency transactions, a comparable mechanism already exists; the technology is currently being extended to Bitcoin and other significant cryptocurrencies.The tool assesses the risk of criminality linked with cryptocurrency exchanges connected to the payments network using “advanced” artificial intelligence algorithms and data from public blockchains. It is powered by CipherTrace, the crypto detective business Mastercard purchased last year.&#x1f449; <a href="https://www.todaynftnews.com/cryptocurrency-anti-fraud-tool-by-mastercard/" rel="noopener noreferrer nofollow">Continue Reading on Today NFT News</a>

Cryptocurrency anti-fraud tool by Mastercard

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