> Verifying the identity of billions of people is too much work for a single organization. We'll delegate that to crypto exchanges instead. If they take care of

> Verifying the identity of billions of people is too much work for a single organization. We'll delegate that to crypto exchanges instead. If they take care of KYC and offer a custodial GLO wallet for humans they've verified, we send the weekly GLO to these. The exchange is allowed to take a fee for this service, creating a new revenue stream. So you're incentivizing exchanges to create fake accounts? Your notion of verification seems rather backward. Every user of GLO should be able to verify that no-one, not even the GLO creators or someone running a scammy exchange, is able to receive more than 1 GLO per day. Asking users to trust your organization or to trust arbitrary exchanges is completely misplaced.