Gotta get that KYC!
Cash is king
Sucks. Fuck KYC now and forever
KYC?
Know your customer. Legal requirement on financial institutions to retain certain customer information and red flag suspicious behaviour.
Got it, thanks
Kentucky Yeeted Chicken
Know Your Customer.
What a dumb take.
Any reason why you think so?
I work in AML and KYC is a key part of that process.
Yeah, it’s an anti-glowie measure, that’s why we like it.
I guess they don’t want anonymous reasons for security reasons. Which is somehng I can understand
Isn’t it a privilege being able to pay with Buttcoin at all?
Bitcoin sucks, and Monero is useless it you have to set up Paypal.
Hahaha, you said “buttcoin” . You’re so funny!
Not.
While not the best thjbg for customers, it helps them reduce fraud and keep the service acceptable.
Since vultr network has a hood reputation, they could be abused to send spam. Having crypto payment only would not prevent them to detect repeat abusers. With a verified payment method they can ID who me they are providing service for.
In an absence of such limitation, abusers can simply create a new email and wallet then get back to abusing.
With a parasitic corpo like paypall kyc is really least of your worries bro
