The problem is that those hesitant to do a KYC would be equally hesitant to pass an OTP through their phone number.
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The problem is that those hesitant to do a KYC would be equally hesitant to pass an OTP through their phone number.
But we all have already passed them so many times at so many sites like Facebook, Google( the whole service has even our payment credentials), Microsoft and a long etc.
I wonder how many steemians have already passed exchangers KYC’s in order to get some FIAT.
I understand that all must be careful but not paranoid.
Anyway a “must read” work and investigation should we all start with previous to any movement in such way.
Cheers
It's closer than you think. KYC is badly interpreted by many companies... and I get that... even experienced. But it will be something necessary! We just need to educate governments on how to do it right!
You make a point but sites like FB do not offer money for signing up. So, people have nothing to abuse.
Not true sorry... I can abuse if even not offered money for. One thing is not the opposite of the other... unfortunately that's the reality.