The Digital Bank of Workers (BDT) stepped up on security matters and added Dynamic CVC to its digital prepaid Mastercard card. This move is no small thing: these are security codes that expire, designed so that anyone attempting to clone or reuse the data from your plastic ends up with empty hands. In a country where electronic fraud is daily fare, any additional layer of protection is appreciated.
But at PitbullChain we don’t see this as only a banking headline. We see it as a sign of where Venezuelan digital banking is headed and how close it is getting (or moving away) from the P2P and crypto ecosystem that drives a large part of the country’s foreign currency flows.