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If you're a business that's commonly listed on 'prohibited businesses' lists[1], you might want it. That phrase sounds nefarious, but as an example porn sites a
by MichaelBurge 10y ago
If you're a business that's commonly listed on 'prohibited businesses' lists[1], you might want it. That phrase sounds nefarious, but as an example porn sites are often prohibited. People might want to buy porn anonymously.
If you need to send a bunch of money to someone in the Philippines, your only easy choice is an expensive wire transfer through Western Union or similar. My bank will do it for a small fixed-fee, but only because I've had an account with them for almost a decade. You don't need a verified history and strong identity to use bitcoin.
If you don't give out your personal information when buying something, then when their site later gets hacked by the Chinese your name and address won't be sold on underground trading sites. That is, even if you trust the government and banks with your personal information, you don't necessarily trust every little ecommerce site.
[1] https://stripe.com/us/prohibited-businesses https://stripe.com/us/prohibited-businesses