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AWS has a decent (corporate) solution to this. They simply outsource account recovery and user attestation to the state and the finance industry. You stake mone
by melony 5y ago
AWS has a decent (corporate) solution to this. They simply outsource account recovery and user attestation to the state and the finance industry. You stake money on a financial medallion (a contractual instrument that's a guarantee of sorts). Presumably you will get sued and armed men will come after you if you commit fraud. It doesn't scale well outside of the big cities but it could be a viable option for Google.
- ghaff 5y agoRequiring physical presence in some manner makes identity verification, if not failsafe, a lot harder and riskier to spoof. I observe that my broker was allowing transfers over the phone early in the pandemic. But when I did a similar transaction earlier this year, they were back to needing me to go into an office.