Citing Bpaynews, Revolut has launched a new feature called Street Mode to address the rising issue of smartphone theft in Europe. The feature introduces context-aware security, allowing users to set trusted locations and requiring additional verification for transactions made outside these zones. The initiative has drawn both interest and criticism from industry leaders, including Aave’s founder, who noted the need for more comprehensive solutions.
Revolut Launches Street Mode to Combat Smartphone Theft in Europe
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