Has anyone tested the sending limits on ETN


#1

Has anyone tried to send more than €150 with only KYC level 1? What happens to the transaction? I am using the website wallet not the smartphone wallet.

Many of the poor un-banked people in the developing world use cell phones and SMS not smart phones. They are not going to be able to use the smart phone app from YOTI.


#2

Statically you may be wrong cos in ghana most people are using smartphones and in Africa generally if not half then half plus one of the continent are using smartphones


#3

https://www.internetworldstats.com/africa.htm
Check here it could help


#4

Few points to note:

  • Smartphone and web are the same wallet…just different interfaces for using it.
  • Its use or hold for the threshold limits. (less then €150 | up to €10,000 | Over €10,000 etc)

#5

Then what happens if a pool owner tries to pay a miner their payout but he/she is not sufficient KYC level?
Do they have a refund system in place to return it if it’s the online wallet? I guess we are going to find out.
If it’s a paper wallet there is nothing they can do to block it.


#6

Funds would hit that persons wallet and they would be required to do Lvl 2/3 before being able to use them.


#7

Even completing level one you can receive any amount of electroneum

But let’s experts answer it


#8

They are working on other means of verification for said people. I think the project will evolve over the years.