>>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?
A: MobileCoin is as fast (or faster in some cases) than a bank payment in the UK with greater privacy. As far as settling back to Fiat, if that's what you're asking about, the velocity of that depends on on-ramp and off-ramp integrations which will come over time (but it looks like there's no reason MobileCoin can't help developers deliver payments at the same speed as banks).
>>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?
A: Payments on MobileCoin cannot be reversed at the protocol level. If you want escrow and reversibility, you should use a wallet or payment service that supports those primitives. We believe that developers will build such services on top of the foundation of the MobileCoin protocol.
>>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?
A: Signal relies on phone numbers for identities. Other apps that integrate MobileCoin may have a higher threshold for identification.
>>There's no cost to sending payments on most mainstream banks. How much do you charge?
A: Fees are set by the foundation (which has a stated goal of keeping transaction fees to around $.04 when the network isn't congested). Currently fees are higher as they need to be adjusted by a foundation vote.
>>Most banks let the user block receiving payments from specific accounts. How do you stop harassers sending unwanted money?
A: Signal doesn't allow people you haven't keypaired with to send you funds. If you have accepted a message request from someone, they can send you money.