Little-to-nothing to do with liability. Your identity = $. Phone-validated users are simply higher ARPU and (somewhat less importantly) lower risk - an artefact

Little-to-nothing to do with liability. Your identity = $. Phone-validated users are simply higher ARPU and (somewhat less importantly) lower risk - an artefact of gating access behind harder-to-spoof touch points. To the extent that a hardware token proffers anon/pseudonymous verification, there'll be pushback from industry. Because again, your identity = $. Expect anything that would plausibly get a revenue bump from verifying identity to force you to do so eventually. Because you know, security.