Mastercard is offering a new service aiming to help users make more secure crypto purchases. YPulse’s Buying Into Crypto and NFTs trend report found that many Gen Z and Millennials who have invested in crypto did so to build wealth for the future, and many proponents still believe that crypto is their path to success despite market dips and dives. Mastercard wants to keep up the positive crypto vibes by offering a Crypto Secure service that uses artificial intelligence tech “to create a ‘risk profile’ for digital asset providers and help card issuers decide whether or not to approve a transaction.” If a merchant is showing substantial fraud issues, a user’s bank will automatically block the transaction; and to make the system user friendly, Mastercard is color coding the risk ratings with green meaning safe and red as a danger warning. (Engadget)
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