Isn't this what Wechat does? On the mainland you have to give them your bank account information, have a friend vouch for you (and that friend will also be kic

Isn't this what Wechat does? On the mainland you have to give them your bank account information, have a friend vouch for you (and that friend will also be kicked off if you misbehave), do it on a real phone that you can shake in a specific way when asked, and have a government ID.