pull down to refresh

1 sat \ 5 replies \ @badabing 2 Sep 2022 \ parent \ on: Bitcoin peer2peer marketplace on a mobile app for the EU market bitcoin

Buying bitcoin p2p and paying with your Revolut or SEPA can still be buying non-kyc bitcoin. It's not because your fiat funds are kyc that your bitcoin is kyc.

write
preview
11 sats \ 4 replies \ @deleted231216 2 Sep 2022

deleted by author

reply
1 sat \ 3 replies \ @badabing 2 Sep 2022

I think you're confusing kyc and financial inclusion. They are not the same, at least for me.

Kyc-free means no personal information is collected while making a transaction. This is also possible with p2p SEPA or Revolut. Only the two participants know each other.

Financial inclusion should indeed be important, but it's not the same thing as kyc-free. It means everyone should be able to buy smth, with SEPA or cash or...

Allowing people to buy btc p2p via SEPA is kyc-free and inclusive. Same for cash.

reply
0 sats \ 2 replies \ @deleted231216 2 Sep 2022

deleted by author

reply
1 sat \ 1 reply \ @badabing 2 Sep 2022

Kyc = a process to verify the identity and other credentials of a financial services user. In a P2P service like Robosats, this process is not done. Meaning there is no kyc.

reply
0 sats \ 0 replies \ @deleted231216 2 Sep 2022

deleted by author