this post was submitted on 22 Jun 2024
4 points (75.0% liked)
Haveno
64 readers
1 users here now
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
what scares me about using anything but native Monero is that those methods do not acknowledge the absolute imperative goal of anonymity for most Monero users. A cash app is likely KYC to some degree. I don't know a way to safely purchase Monero with fiat currency and nothing I've seen on Haveno solves that problem. Perhaps more emphasis on ATM machines that dispense fiat for Monero and vice versa would be a good thing to focus on, or Point of Sale terminals for retail, as ubiquitous as VISA, Mastercard, or American Express.
There is going to be no way of getting it from Fiat to Monero without some sort of KYC. The entire Fiat banking system requires KYC. It just depends on who knows the information. In this case, it's another peer and what they know is a name and possibly an email. A regular centralized exchange is quite a bit more invasive and can and will shut down your account if they so desire to. Somebody is going to know something about you, no matter which way you go. If you bought it with a credit card, the credit card company has your name and identifiable information. So that's still KYC. I think about the only way to do it without any kind of KYC at all would be to do cash by mail.
Or what about an ATM machine?
Possibly.