34 sats \ 2 replies \ @Bold_Bitcoin OP 1 Dec 2022 \ parent \ on: Hello Stackers! Bold is a credit card backed by your bitcoin stack. AMA! bitcoin
First launch with be in the US before we have our eyes on a global rollout.
Why does location matter, if there is no KYC?
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Location matters because we are a regulated business and we have to get approval in each jurisdiction (in the case of the US, each State).
To clarify on KYC - despite the lack of credit check with a financial institution, customers of Bold do need to go through KYC in order to get the credit card, that is just how credit card transactions are required to work. It would of course be ideal not to have to KYC, but it's a necessary tradeoff. You do get fraud protection and chargebacks as a benefit from that.
To clarify on KYC - despite the lack of credit check with a financial institution, customers of Bold do need to go through KYC in order to get the credit card, that is just how credit card transactions are required to work. It would of course be ideal not to have to KYC, but it's a necessary tradeoff. You do get fraud protection and chargebacks as a benefit from that.
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