Gotta get that KYC!
Sucks. Fuck KYC now and forever
KYC?
Know your customer. Legal requirement on financial institutions to retain certain customer information and red flag suspicious behaviour.
What a dumb take.
Any reason why you think so?
I work in AML and KYC is a key part of that process.
Yeah, it’s an anti-glowie measure, that’s why we like it.
Cash is king
I guess they don’t want anonymous reasons for security reasons. Which is somehng I can understand
While not the best thjbg for customers, it helps them reduce fraud and keep the service acceptable.
Since vultr network has a hood reputation, they could be abused to send spam. Having crypto payment only would not prevent them to detect repeat abusers. With a verified payment method they can ID who me they are providing service for.
In an absence of such limitation, abusers can simply create a new email and wallet then get back to abusing.
Isn’t it a privilege being able to pay with Buttcoin at all?
Bitcoin sucks, and Monero is useless it you have to set up Paypal.
Hahaha, you said “buttcoin” . You’re so funny!
Not.
