In our latest video, #Electroneum CEO Richard Ells talks about KYC (Know Your Customer) and our newest partner, @GetYoti, who we’re working with to deliver it. Check it out here:
(KYC is coming! KYC (Know Your customer) is an important step on the roadmap to Electroneum’s success, in our latest video Richard Ells goes into what KYC is, what it means for our growth and why it’s important to our community and end-users alike.)
This may help with perspective as to the importance of KYC as you can see 147 countries require kyc for a mobile prepaid sim almost every developing country
Why yoti not available in some countries can you help the community to solve this problem because when w contacted them they said wait next monthly update is it normal?
the cool thing is if people want privacy and be anonymous, when atomic transfers are fully adopted (could be next year) can just transfer ur ETN for a fully decentralised privacy coin
I still think that KYC is good for Electroneum and its future it will open a lot of new partnership doors and they are doing everything according to regulatory rules and if you want you could still keep your ETN on paper wallets or on exchanges (i wouldn’t recommend leaving it on exchanges but you could do that) if you wouldn’t want to do KYC but there will come a time probably that you want to spend that ETN or maybe transfer it then you will have to do it in the future anyway
There is no way around KYC, any cryptocurrency project believing it can do without, is going to fail.
I believe we are going to see the biggest FOMO in the history of crypto in the near future.
After installing Yoti and submiting identity documents, you will then need to link Yoti to your Electroneum account. To do so you can follow this guide here: How to link Yoti (no longer applicable)