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==== Security ==== With the growing reliance of technology, there have been security and privacy concerns along with it. Billions of people use different online payment methods, such as [[WeChat Pay]], [[PayPal]], [[Alipay]], and much more to help transfer money. Although security measures are placed, some criminals are able to bypass them.<ref name=":11">{{Cite web |last1=Rosenberg |first1=Elizabeth |author1-link=Elizabeth Rosenberg |last2=Harrell |first2=Peter E. |last3=Shiffman |first3=Gary M. |last4=Dorshimer |first4=Sam |date=2019 |title=Financial Technology and National Security |publisher=Center for a New American Security |url=https://www.jstor.org/stable/resrep20404 |access-date=19 January 2023 |archive-date=19 January 2023 |archive-url=https://web.archive.org/web/20230119140345/https://www.jstor.org/stable/resrep20404 |url-status=live }}</ref> In March 2022, North Korea used [[Blender.io]], a [[Cryptocurrency tumbler|mixer]] which helped them to hide their cryptocurrency exchanges, to launder over $20.5 million in cryptocurrency, from [[Axie Infinity]], and steal over $600 million worth of cryptocurrency from the game's owner. Because of this, the U.S. Treasury Department sanctioned Blender.io, which marked the first time it has taken action against a mixer, to try to crack down on North Korean hackers.<ref>{{Cite web |title=U.S. takes aim at North Korean crypto laundering |url=https://www.nbcnews.com/tech/crypto/us-takes-aim-north-korean-crypto-laundering-rcna27660 |access-date=19 January 2023 |website=NBC News |date=6 May 2022 |archive-date=19 January 2023 |archive-url=https://web.archive.org/web/20230119140345/https://www.nbcnews.com/tech/crypto/us-takes-aim-north-korean-crypto-laundering-rcna27660 |url-status=live }}</ref><ref>{{Cite web |title=U.S. ties North Korean hacker group to Axie Infinity crypto theft |url=https://www.nbcnews.com/tech/crypto/north-korea-lazarus-axie-infinity-crypto-theft-rcna24518 |access-date=19 January 2023 |website=NBC News |date=15 April 2022 |archive-date=19 January 2023 |archive-url=https://web.archive.org/web/20230119140346/https://www.nbcnews.com/tech/crypto/north-korea-lazarus-axie-infinity-crypto-theft-rcna24518 |url-status=live }}</ref> The privacy of cryptocurrency has been debated. Although many customers like the privacy of cryptocurrency, many also argue that it needs more transparency and stability.<ref name=":11" />
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