cypherhoodlum🏴☠️ on Nostr: There seems to be a few places in the world where you can truly live on bitcoin right ...
There seems to be a few places in the world where you can truly live on bitcoin right now (El Salvador, Lugano in Switzerland). It seems companies are using services like Bitfinex pay to process bitcoin payments. I'm worried about shotgun-KYC becoming the norm for all payments (you can pay but then you must ID yourself to get the purchased goods/services). Terms and conditions will include full KYC/AML compliance and there's nothing you can do about it as a customer. Taking your business elsewhere won't be possible either if every merchant follows those same rules.
Published at
2023-04-02 23:22:48Event JSON
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"content": "There seems to be a few places in the world where you can truly live on bitcoin right now (El Salvador, Lugano in Switzerland). It seems companies are using services like Bitfinex pay to process bitcoin payments. I'm worried about shotgun-KYC becoming the norm for all payments (you can pay but then you must ID yourself to get the purchased goods/services). Terms and conditions will include full KYC/AML compliance and there's nothing you can do about it as a customer. Taking your business elsewhere won't be possible either if every merchant follows those same rules.",
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