The traditional payment sector is still struggling to find solutions against fraud, especially when it comes to online fraud detection. Credit and debit cards, as well as any payment processor making use of these payment methods, can be cancelled, reversed and disputed at any time. Merchants and retailers are expanding their presence online, which only invites more fraudulent payments. Bitcoin is a clear-cut solution to this problem, but maybe Ravelin has a temporary fix on hand as well.
Make sure to read: Portugal’s Financial Woes Threaten Eurozone – Bitcoin Effort Imminent?