Mastercard has announced that next week it will launch an innovative new system to combat cryptocurrency fraud, which is also becoming increasingly common on its payment circuits. The new system, which will be called Crypto Secure, has the ability to visually assess the risk associated with a given transaction through artificial intelligence and data on the chain, allowing card issuers to decide on the necessary actions.

The service will be built with the help of CipherTrace, a blockchain security startup acquired by Mastercard last year. This announcement goes in the direction imposed by many European and US government authorities who see the growing phenomenon of cryptocurrency fraud as a worryingly increasing danger.