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"All customers are verified with a valid government-issued photo ID. When needed, we take additional identity verification steps, such as asking for a video sel
by 2Gkashmiri 5y ago
"All customers are verified with a valid government-issued photo ID. When needed, we take additional identity verification steps, such as asking for a video selfie. This keeps your account and Novi safe by helping ensure that everyone signing up is who they say they are. "
you mean if i had to do cross border transfer, why not go with existing crypto networks like ripple or stellar or xmr or dash or what not?
crypto wallets, if you link them up with your government issued id behind a company that controls your wallet is as good as a bank so why go the extra step?
- kranke155 5y agoBecause crypto wallets are really complicated ? As much as I’d love my mom to use crypto I wouldn’t be able to explain it to her if I tried.
- 2Gkashmiri 5y agowhat does complicated or easy having to do with forcing users submit a video selfie? reddit gave every user a crypto wallet in their app, just like that so why does this need KYC?