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Topic: Kyc is hardly used offline, why not online? - page 2. (Read 163 times)

hero member
Activity: 3010
Merit: 794
November 19, 2024, 02:36:03 PM
#3
I don't think I have also been asked to present my ID anywhere before I will be attended to in a shopping centre; the only time I have been asked to present my ID card when I want to make a purchase was during my time when I worked in a health care facility and to buy some certain drugs, which I was asked to get by my director from a big pharmacy, and the reason why they requested it was to confirm if I'm truly coming from where I claim to be working.

By the way, the kyc issues could make thriving online economically alot difficult for people in certain remote places who probably prefer to have little to zero contact with modern world. This are the kind of people crypto would be more suitable for, unfortunately they will be denied access to lots of cryptocurrency exchanges in existence today.
Bitcoin is a modern technology; anyone who doesn't want to go modern should stick with using cash for any kind of transaction they want to make and not use bitcoin, unless what they just want is to hide their identity and remain private.
The only time that i do asked out with some ID is on the moment that you do make use of your own credit card on buying up something but been asked on just simply purchasing with cash then i havent been able to encountered up such thing. If this one turned out to happen then it will really be just that too hassle and also on what kind of purpose on why we do need up to present our ID's on just buying into something?
It will really be turning out that people will really be going against it and this isnt really that a shocking thing. As for crypto then this is the main reason on why it do becomes aminstream or getting up that soo much attention due to that decentralized and anonymity thing. Somehow, times passed and everythings changed then it will really be that understandable that exchange platforms and other businesses on which connected to crypto are gradually becoming centralized but still there are having options that you wont passed through any verification.

Here on crypto space on which we know that KYC is really that highly frowned upon and any speaking or mention about verification on which this is something that we dont really like to hear out on this space.  Grin
hero member
Activity: 700
Merit: 673
November 19, 2024, 02:10:10 PM
#2
I don't think I have also been asked to present my ID anywhere before I will be attended to in a shopping centre; the only time I have been asked to present my ID card when I want to make a purchase was during my time when I worked in a health care facility and to buy some certain drugs, which I was asked to get by my director from a big pharmacy, and the reason why they requested it was to confirm if I'm truly coming from where I claim to be working.

By the way, the kyc issues could make thriving online economically alot difficult for people in certain remote places who probably prefer to have little to zero contact with modern world. This are the kind of people crypto would be more suitable for, unfortunately they will be denied access to lots of cryptocurrency exchanges in existence today.
Bitcoin is a modern technology; anyone who doesn't want to go modern should stick with using cash for any kind of transaction they want to make and not use bitcoin, unless what they just want is to hide their identity and remain private.
Ucy
sr. member
Activity: 2674
Merit: 403
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November 19, 2024, 01:32:04 PM
#1
Or are there countries where IDs and maybe phone numbers are required before making purchases physically? Imagine how strange it would be to present your ID before buying or selling in physical world. Not sure I've ever been required to present ID before buying or selling, even physical foreign currencies offline.  The kyc phenomenon seems to be peculiar to online world and bank transactions.
 
I think human right to privacy shouldn't be violated in anyway unless the human is involved in serious crimes or some suspicious activities. And even when ID becomes necessary, it should be handled with care to prevent it from going into the wrong hands.

By the way, the kyc issues could make thriving online economically alot difficult for people in certain remote places who probably prefer to have little to zero contact with modern world. This are the kind of people crypto would be more suitable for, unfortunately they will be denied access to lots of cryptocurrency exchanges in existence today.
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