Safety concerns remain the greatest obstacle in the mainstream of cryptocurrency payment, because phishing hats and fraud still harm industry ID.
Over 37% of investors identified the risk of security as the main barrier in the apply of cryptocurrency for payment, According to to a survey conducted by 4599 users conducted by Bitget Wallet as part of the last Onchain report made available Cointelegraph.
Despite this, 46% of users said that they preferred cryptographic payments from Fiat due to their speed and performance.
Source: ONCHAIN report portfolio Wallet
According to Alvin Kan, the Operational Director of Bitget Portlelet, Bitget Wallet implemented multi -layered protection mechanisms, so that security becomes a “highest priority” and inspires greater confidence in cryptographic payments:
“This includes MEV protection, which is now included in the main chains, such as Ethereum, BNB Chain and Solana by default, helping users to avoid typical threats, such as front and sandwich attacks.”
“We have also introduced the detection of intelligent authorization through our GetShield engine, which actively scans intelligent contracts, DAPP and URL to mark malicious behavior before users sign something,” said Cointelegraph.
Bitget Wallet operations are supported by a USER $ 300 million protection fund as an additional layer of certainty in the case of “losing assets due to problems at the platform level”.
Concerns regarding the security of cryptocurrency payments by region. Source: ONCHAIN report portfolio Wallet
Safety concerns have been harassed by the industry, especially since the appearance of a modern type of phishing attack known as poisoning addresses or poisoning in the portfolio, which requires fraud of victims of sending digital assets to false addresses belonging to fraudsters.
Victims of fraud related to address poisoning were deceived to be cheerful to send funds worth over $ 1.2 million to cheaters in the first three weeks of March.
While Gen X users give safety as the most critical, gene users prioritize utility and profitability, said Kan.
Related: DWF LABS launches the USD 250 million fund for mainstream cryptographic adoption
Africa and Southeast Asia in the adoption of cryptographic payments
The Bitget Wallet report showed that 52% of African respondents and 51% of respondents from Southeast Asia showed interest in cryptographic payments, powered by high costs of cash transfer and confined banking access.
Interest of cryptographic payments by region. Source: ONCHAIN report portfolio Wallet
Kan said that in order to support the world unparalleled regions, the Bitget portfolio offers a simplified implementation with a non-free portfolio that does not require a established bank account, adding:
“Thanks to the service of over 130 blockchain and stableleins, users can easily send and receive value around the world using resources that maintain purchasing power.”
“Local support of FIAT ON-RAMPS and Multichain ensure that users can use crypto without the need for deep technical knowledge or centralized platforms,” he added.
Related: Security Crypto will always be a game of “Cat and Mouse” – Wallet exec
Kan said that in Latin America, high transactions related to established cable transfers are the main factor causing the acceptance of cryptographic payments.
Such fees for the transfer of the transfer amounted to an average of 7.34% in 2024 if they concerned bank accounts, According to To the statistist.
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