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I did not know this, thank you for brining it up! From the story it looks like this is the classic issue of bridging blockchain with the real world. Am I right
by qqii 6y ago
I did not know this, thank you for brining it up! From the story it looks like this is the classic issue of bridging blockchain with the real world.
Am I right in understanding he's trying to withdraw USDC from Flow to Ethereum (https://support.meetdapper.com/hc/en-us/articles/360059124673-Withdrawing-your-Dapper-Balance-in-USDC https://support.meetdapper.com/hc/en-us/articles/36005912467...) and requires KYC and the process is actually centralised?
I'd have imagined that Cricle would have build a decentralised flowUSDC-ethUSDC bridge but perhaps there's a regulation reason which also explains the KYC requirements.
If this is the case, hopefully someone else can pick up the slack and create a Flow-Eth bridge/atomic swap.