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Only if they need to exchange to fiat, as I said previously. > Depending on the use case, there may not be a fiat exchange. Another user might be happy to rece
by randomran01234 4y ago
Only if they need to exchange to fiat, as I said previously.
> Depending on the use case, there may not be a fiat exchange. Another user might be happy to receive 1000 DAI, in which case there is no centralized exchange needed.
It’s true though, if you want to use the traditional financial system you are basically stuck uploading your photo ID to a private company’s website and hoping they won’t leak it. In many cases users are forced into this - paying taxes. We can only hope this won’t always be the case.