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Decentralized Apps May Solve SIM Swapping Woes

imageCryptocurrency10 hours ago (Aug 01, 2020 02:20PM ET)

Decentralized Apps May Solve SIM Swapping Woes

In the US alone, over $55m has been stolen through SIM swapping attacks since 2018. NEM, a blockchain-based ecosystem, believes that decentralized apps could provide a meaningful solution to this problem.

According to NEM, they’re working with a solution called “FIX Network”, which was established to help mobile subscribers secure private keys and transactions on SIM cards.

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Decentralized Apps May Solve SIM Swapping Woes

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