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