3 ms·
Thinking about it again, I think MoonPays biggest asset is their stored KYC data. Customers don't want to go through KYC twice so if they have several options t
by ck_one 5y ago
Thinking about it again, I think MoonPays biggest asset is their stored KYC data. Customers don't want to go through KYC twice so if they have several options they will go with MoonPay again. I think KYC will play a big part in crypto soon.
- NicoJuicy 5y agoThat's just weird. There is no proven method to monetize solely transaction data. Moonpay doesn't know anything out of the ordinary about their customers. BitPay would have a better advantage then Moonpay ( 10 years of data and a higher volume) It's only good for detecting fraud, even if they would have lots of data ( which they don't seem to have)
- ck_one 5y agoI guess they will monetise their KYC data. Eventually you will need KYC data to accept a payment from a customer. The customer obviously doesn't want to enter it again and again. So some company will build a KYC layer - this might be MoonPay.
- NicoJuicy 5y agoYou are forgetting the entire premise of crypto. Anonymous payments with only a wallet id. I'd suppose many people don't want to share their info and the most bought item is gift cards.