Westpac, considered one of Australia’s “Big Four,” launched the initiative as a way to reduce crypto-related investment scams they said account for nearly one-third of all customer losses. The anti-fraud trial will be gradually phased in along with another new feature to alert customers of potential errors when personal information is exchanged during a transaction.
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Westpac Rolls Out New Anti-crypto-fraud Program
One of Australia’s largest banks will launch a trial program to combat cryptocurrency fraud. So reports Cointelegraph.
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