Today, the public already accepts some financial privacy invasion. Existing digital payment methods, such as debit and credit cards, bank account transfers and mobile money payments do not have a high degree of privacy – and are growing in market share. Know-your-customer (KYC) measures are necessary to open bank accounts and, ultimately, to conduct transactions. That confidential KYC and transaction data is shared with intermediaries, such as banks, credit card companies, etc., that are involved in the transaction process.
Related posts
-
Missed Dogecoin’s Recent High? Flockerz ICO Hits $2.3M, Analyst Predicts it Will 10x
Dogecoin has recently become one of the market’s top... -
XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High
XRP peaked to $1.26, marking a new two-year-high for the coin. The uplift in the value... -
Quantoz Payments to Launch US Dollar and Euro Stablecoins
The launch of USDQ and EURQ marks a significant...