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Signal adds a payments feature with a privacy-focused cryptocurrency

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544 points josh2600 | 2 comments | 06 Apr 21 16:23 UTC | HN request time: 0.001s | source
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edent ◴[06 Apr 21 17:13 UTC] No.26714541[source]▶
The UK already has faster payments in all major banks. I can send and receive money instantly from app or Web. Will yours be as fast as that?

The UK has a problem with authorised push payment fraud. Banks can recover funds which have been sent as a result of phishing / fraud. How can I reverse a payment on your platform if it was fraudulent?

The UK also has receiver verification. If I try to send to an account and it doesn't match the name I'm sending to, my bank will warn me. How do you stop impersonation?

There's no cost to sending payments on most mainstream banks. How much do you charge?

Most banks let the user block receiving payments from specific accounts. How do you stop harassers sending unwanted money?

Thanks!

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leetcrew ◴[06 Apr 21 20:47 UTC] No.26717200[source]▶
> How do you stop harassers sending unwanted money?

idk, but this sounds like a great problem to have.

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1. frakkingcylons ◴[06 Apr 21 20:50 UTC] No.26717234[source]▶
I wouldn’t want to be barraged with messages from spammers because they’re sending me $.0001
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2. stevenicr ◴[07 Apr 21 01:04 UTC] No.26719390[source]▶
So if these folks can make an address or wallet or however it works, auto-reject everything under X...

I myself will take all the spam you can send at 50 cents per message. ( I already sort about $200 worth of free spam daily at that rate)

I can imagine some other folks could set them at min 5 dollars per attached message and get use of such a thing.

Now wonders if an email layer can be added to transactions with this coin and a reply that can serve other digital assets..

patreon without the fees? onlyfans without the (insert their cut plus visa/mc cut here) - email with little to no spam..

I'm ready to help make this a thing.