Revolut, Europe's largest financial app, launched a "street mode" to combat phone theft, prompting a sarcastic commentary from the founder of Aave.

According to Odaily Planet Daily, fintech blogger @oost_marcel revealed that Revolut, Europe's largest financial app with 65 million users, has launched "Street Mode," considered one of the smartest security upgrades in the fintech field this year. It is understood that due to a surge in mobile phone theft cases in Europe, criminal methods have also evolved: robbers now force victims to complete selfie verification before fleeing, a trend known as "transfer robbery." Revolut's solution is "context-aware security." This feature allows users to set "trusted locations" (such as home, office, hotel). Outside these areas, transfers exceeding limits trigger additional selfie verification and a 1-hour delay. This 1-hour window is crucial, allowing users or anti-fraud teams to freeze funds in time. In comparison, traditional bank security measures are static, while Revolut's "Street Mode" dynamically adjusts rules based on the environment, and over 1 million users have already activated its wealth protection features.

In response, Aave founder Stani commented, "With London's high crime rate, fintech companies are adjusting their products to improve user security."

Previously, it was reported that Uniswap now supports purchasing cryptocurrencies with Revolut, and that there are no transaction fees when purchasing cryptocurrencies using the built-in payment app Revolut pay.