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Bank accounts don’t have this mechanism as well, what does this show?
by drexlspivey 4y ago
Bank accounts don’t have this mechanism as well, what does this show?
- qabqabaca 4y agoMy neo-bank (Revolut) has this feature. If someone sends me money for the first time, or isn't in my contacts, they have to explicitly accept it from their app before it actually lands in their account. Ignoring that specific feature, if you did get money sent to your traditional bank account, you can always contact your bank and tell them you don't know what it is to avoid any trouble. This is not possible with Ethereum.
- kube-system 4y agoBanks reject all transactions from sanctioned entities.
- colinmhayes 4y agoBanks don’t just allow you to reject transfers from sanctioned entities. They force you to.