Its a payment system like credit cards or google pay, which also needs support on both sides.
And for it to ever get regulatory approval to work with existing banks and fiat currencies it will need to have some sort of seller transparency (i.e. tax transparency). But this is a big step forward for a digital payment system to have cash like buyer privacy, which no other digital payment system currently has (arguably not even crypto currencies).
Ok. I was reading about its Kudos Coin - but it seems that this is just a monopoly/play test currency for the system.
The constant sycophantic notices about tax evasion etc are still lame!
Hopefully it takes off but if I had to bet I would do so for it failing.
No it has nothing to do with crypto currencies.
Its a payment system like credit cards or google pay, which also needs support on both sides.
And for it to ever get regulatory approval to work with existing banks and fiat currencies it will need to have some sort of seller transparency (i.e. tax transparency). But this is a big step forward for a digital payment system to have cash like buyer privacy, which no other digital payment system currently has (arguably not even crypto currencies).
Ok. I was reading about its Kudos Coin - but it seems that this is just a monopoly/play test currency for the system. The constant sycophantic notices about tax evasion etc are still lame! Hopefully it takes off but if I had to bet I would do so for it failing.