3 ms·
Good, KYC exists for a reason. Why does AI need to open an account, anyway? Just give it a debit card with a limit, not a whole new account and contract with a
by BoppreH 9mo ago
Good, KYC exists for a reason. Why does AI need to open an account, anyway? Just give it a debit card with a limit, not a whole new account and contract with a bank.
- direwolf20 9mo agoThe limit of a debit card is the money in your account. The bank would argue that an AI using your account on your behalf is fraud.
- BoppreH 9mo agoThose are much easier problems to solve, and surely already solved by some fintechs, than bringing cryptocurrencies to the minimum legal compliance and meeting performance requirements.
- direwolf20 9mo agoThey don't intend to meet the legal compliance requirements. That's the reason for using cryptocurrencies — avoiding compliance.
- Kwpolska 9mo agoMy debit card has specific limits, far less than all my funds. There also exist pre-paid cards, ideal for things like this.