This is how we have increased the security of transactions in the TU Wallet app
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With the rise of online transactions and the growing interest in cryptocurrencies, users are looking for tools that offer convenience and protection against cyber threats. In this context, TU Wallet is an innovative solution that combines ease of use with advanced security measures.
Wallet is designed to manage cryptocurrencies and euros easily and securely. This app offers a full range of digital financial services, from buying and slling Bitcoin, Ethereum, Solana and other popular cryptocurrencies, to making payments and sending cryptocurrencies, all bundled into one platform.
In a strategic move to further strengthen its position as one of the most secure digital wallets in the market, Wallet has taken a step forward by incorporating technologies provided by Telefónica Open Gateway. This integration, in addition to showing Telefónica’s commitment to the fintech sector, raises the security standard for cryptocurrency wallets.
Strengthening the security of TU Wallet with Telefónica Open Gateway
To reinforce the security of digital assets and mitigate risks associated with fraud, in addition to the traditional risks that other wallets may have, Wallet has integrated two Telefónica Open Gateway network APIs.
- The SIM Swap API, which can detect crimes related to duplicate or changed SIM cards, one of the most common techniques used in phishing attacks. This tool provides information on the latest SIM card change, enabling the identification of possible fraudulent activity, providing an additional layer of protection.
- The API Number Verification which ensures that the phone number linked to the account is indeed that of the device in use, reducing the possibility of unauthorised access and strengthening authentication mechanisms. The API automatically checks whether the SIM card is associated with a certain phone number (MSISDN).
These additional layers of security complement Wallet’s protection without affecting its usability, offering an extra defence against cyber fraud and identity theft.
How to activate the extra layers of security in TU Wallet
Activating these new security features in Wallet is a simple process that can be done in just a few steps:
- Open the Wallet application on your mobile device. If you don’t have it, you can download it at Google Play or App Store.
- Go to the “Settings” section in the main menu.
- Select the “Advanced Security” option.
- On this screen, you will find the new security tools: SIM Swap API and Number Verification API
- Activate each of these functions using the corresponding switch.
Once activated, these additional layers of security will work silently in the background, providing continuous protection without affecting your day-to-day Wallet experience.
What is TU Wallet and what can you do with it?
Wallet is an innovative multi-cryptocurrency digital wallet developed by Telefónica in collaboration with Bit2Me.
Designed to be intuitive and accessible, Wallet allows users to manage both euros and a variety of popular cryptocurrencies, including Bitcoin, Ethereum, Cardano, Solana or USD Coin. The application offers a set of functionalities:
- Buying and selling cryptocurrencies
- Sending crypto-assets between users
- Making online payments
- Exchange between different cryptocurrencies
- Converting cryptocurrencies to euros
A prominent feature of Wallet is the Bit2Me Card, a virtual card associated with MasterCard that allows users to make cryptocurrency payments atphysical and online merchants that accept MasterCard.
What is Telefónica Open Gateway?
Open Gateway is a global project led by the GSMA, which transforms telecommunications networks into open and accessible platforms for developers around the world. This project aims to democratise access to the advanced capabilities of mobile networks, enabling companies and application developers to integrate network functionalities directly into their digital services and products.
Telefónica Open Gateway offers a set of standardised APIs. These tools enable developers to improve security, authentication and user experience in their applications. We offer functionalities such as phone number verification, SIM swap detection, network quality of service optimisation or population density analysis under a drone route.
Soy un periodista altamente versátil en el campo de la comunicación y el marketing, con un enfoque en la creación de contenido atractivo. Actualmente, formo parte del equipo de Marketing de Producto de Telefónica Innovación Digital (TID).
