I'm interested to see how this goes. Since it's still in its infancy, companies like Ebay (paypal) pride themselves on protecting the consumer. If a currency is "anonymous" how would that work?
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I'm interested to see how this goes. Since it's still in its infancy, companies like Ebay (paypal) pride themselves on protecting the consumer. If a currency is "anonymous" how would that work?
That's a really good point. But when you are dealing with customer accounts that involve shipping addresses, ID verification, etc., the anonymity thing is addressed that way. Many of these currencies can be anonymous when dealing with individuals directly. But if transacting through sites and platforms like those I mentioned, you can still enforced KYC/AML standards, and use escrow style smart contracts to protect buyers and sellers.
Good deal, I learned something. Thanks for the reply.