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The decentralized finance company has been admitted to the Board, created by the world’s major financial conglomerates.
The Payment Card Industry Security Standards Council (PCI SSC), formed by giants American Express, Mastercard, Visa, JCB, and Discover, has welcomed DeFi banking company Scallop into its membership.
The Council is responsible for developing and maintaining the Payment Card Industry Data Security Standard worldwide. The DeFi company will help develop and adopt the current PCI SSC security standards, along with the other 800 Council members, Scallop said.
Council Chief Executive Lance Johnson said that Scallop will help the PCI SSC raise awareness of the DeFi market and drive standards improvement:
“In an era of increasingly sophisticated security attacks, PCI SSC helps organizations protect data and prevent and mitigate attacks that can have long-term consequences.”
Recall that in October last year, eight Wall Street experts founded their own Phemex exchange in order, they announced, to “change the financial system.”
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