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I agree with all these points. And Bitcoin Magazine still doing hype and super "innovation" app: https://bitcoinmagazine.com/business/bitcoin-entrepreneurs-introduce-noones-app-aimed-at-empowering-financial-freedom
Noones’ announcement comes at a time when Bitcoin is gaining traction worldwide as an alternative to traditional financial systems. Noones’ is not available for users in the United States or any other country on their blocked countries list due to regulatory restrictions.
Lol super built by bitcoiners def not VCs.
It's basically a centralised KYC version of Robosats.
The company is registered in a tax haven too so good luck getting any real info on it.
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If its anything like paxful then you should be able to trade without KYC up to amounts of 8000 USD, there were traders who wanted KYC and others who didn't and even if you had to buy from a KYC only trader, its negliable in any African nation to buy someones ID for $4 and KYC an account
As for the stablecoins, I don't use them, but alot of people who do buy them are looking to settle payments for goods and services, especially cross boarder, if I wanted to purchase something in Zimbabwe, its simply the cheaper option with lowest vol between settlement
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From the about page:
Nation-states in the Global North will take advantage of this eager compliance with KYC/AML laws to impoverish people in the Global South. And when that happens, all the currency that poor people put into Noones will be taken from them.
Offering shitcoins (USDT, USDC) to poor people is egregious.