Bitcoin One - hybrid cryptocurrency (525 000 block)

[Den_Bolt]

Here or on another forum already discussed, but somehow barely, that KYC will be applied on b1 cash. What is it?

[Mark_Byron]

KYC is a kind of multistage user registration system, something that reminds the banking system of registration and identification.

[Elev777]

And it will be necessary to receive BTC1?

[Mark_Byron]

No, as it has been discussed many times, it's enough to go to the site (or download apps) and add your BTC wallet.

[Den_Bolt]

So, what does the rec include?

[Mark_Byron]

As far as I know, there exists a kind of gradation of signing-up methods: you need to send a scan of the ID document, pass the video registration and visit one of the platform certification centers.

[Jason8918]

Hmm, something a lot. And why not just do a registration by phone number and with passport scan?

[Den_Bolt]

Yeah, they'll steal your phone and passport and we're done. Criminals get a unique opportunity to spend your money for their own needs...

[Elev777]

For that purpose, such a powerful system is being created, that was the maximum protection from scammers. You know, the issue of client financial safety is serious.

[Mark_Byron]

Then the question is: do I need to go through video verification with a passport scan?

[Den_Bolt]

Most likely yes. Apparently, here is the same scheme, when the courier arrives and issues a bank card. They also make an identity confirmation with a passport in hand, but only the photo.

[FinWard8]

And in what jurisdiction the platform will work? Well, let's say with Qiwi or WebMoney everything is clear - this is a legal company with the appropriate licenses...

[Jason8918]

Generally a good question, which apparently will excite many users. Look, in fact, B1.CASH is a start-up, which is in the process of launching and just begins to conquer the market. Why should I provide the new service my personal data?

[Mark_Byron]

Here's the question: will be bank offers on b1 cash?

[Den_Bolt]

Hmm, that's an interesting question.... Most likely yes: it's a financial aggregator. You can now create crypto wallets there, work from the interface of the platform with e-wallets, plus insure your crypto assets.