I needed to pay for something today and opted to pay with Bitcoin, as I always do. The provider I'm using subscribes to Bitpay, and to complete the payment, I was first asked to log in and create an account, then verify it with some kind of "biometric scan"
No thank you
straight to IRS
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Sounds like a terrible idea!!
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Yikes, avoid at all cost. You do not want this floating around.
As we know, all this stuff is susceptible to hacks - honeypots.
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113 sats \ 4 replies \ @clr 16 Jul
Don't use Bitpay. That's worse than paying with fiat.
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11 sats \ 1 reply \ @leo OP 16 Jul
Before this upgrade, paying with Bitpay was definitely preferable over Fiat. Much higher success rate of the payment succeeding, for example
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I wouldn't call it an "upgrade" 😅. It used to work like bitcoin is supposed to work, but they had to screw it up.
In a way, all these hypercompliant losers that are worried that people might be "laundering" money with $10 payments are doing us a favor in the long term. Let's use bitcoin as intended: P2P, without intermediaries.
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Bitpay is such an atrocious experience it feels like a false flag attack on bitcoin.
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Bingo
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13 sats \ 0 replies \ @OT 16 Jul
Yeah, I was trying to find out some info on some old exchanges I used some time ago. All of them wanted to reverify, jump through hoops and update numbers address etc.
Forget it!
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Send to that merchant the BTCPay documentary :)
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Don't use it.
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Do you use one for your apple phone? If you have done it oncealready, its already in they system.
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Bitpay is a conventional payment processor
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