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Europe's largest financial app Revolut launches "Street Mode" to combat mobile phone theft, Aave founder gives sharp, sarcastic comment
Odaily Planet Daily news: X platform fintech blogger @oostmarcel revealed that Revolut, the largest financial app in Europe with 65 million users, has launched "Street Mode," which is considered one of the smartest security upgrades in fintech this year. It is reported that due to the surge in mobile phone thefts in Europe and the escalation of criminal methods—where robbers 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), and outside these areas, transfers exceeding a set limit will trigger extra selfie verification and a 1-hour delay restriction. This 1 hour is a critical window during which users or anti-fraud teams can freeze the funds in time. In comparison, traditional banks' security measures are static, while Revo

