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1 articles found in Traditional Finance
Traditional Finance
Fighting Fraud using NFTs for Identity in Credit Unions
Credit Unions are under constant threat of fraud. According to the Association of Certified Fraud Examiners, financial institutions lose around 5% of annual revenues to fraudulent activity. One solution is to use NFTs for MultiFactor Authentication. An NFT is a completely unique token that is minted on a blockchain and stored in a cryptocurrency wallet.
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