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Signal adds a payments feature with a privacy-focused cryptocurrency

(www.wired.com)
544 points josh2600 | 2 comments | 06 Apr 21 16:23 UTC | HN request time: 0.433s | source
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airza ◴[06 Apr 21 17:16 UTC] No.26714603[source]▶
The technology is cool, but I don't really know if I want KYC regulatory risk in my encrypted messaging client. I just want italics.
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1. troquerre ◴[06 Apr 21 21:23 UTC] No.26717558[source]▶
You don't need to KYC as it's just a mobile wallet — same with all the other crypto wallets out there. I'd be surprised if Signal integrated features in the future that require KYC.
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2. 3np ◴[07 Apr 21 03:08 UTC] No.26720168[source]▶
You already need KYC in form of a phone number that can receive SMS. In many countries, that is not possible without government ID and being a resident.

In my country it’s actually easier to legally open a verified trading account on a local cryptocurrency exchange than it is to get a voice/SMS SIM if you’re not a registered local resident.