Global Feed Post Login
Replying to Avatar calle

If you run a web shop, a web hosting business or you offer VPS rental etc. you might want to use Cashu to improve your customer's privacy and avoid having to handle and store toxic data.

Here is how a VPS provider could use Cashu to unlink payments from purchases:

- Costumer logs in

- Charges their account to obtain Ecash minted by your own service (for example Bitcoin in, Ecash out or Fiat in, Ecash out)

- Ecash appears as the user's balance

- User uses Ecash to rent a VPS, paying it back to you

We made everything so easy that this can be integrated into your website using a simple wallet library. From the user's perspective, nothing changes compared to a classical top-up and purchase experience.

That way, you wouldn't need to know which credit card transaction belongs to which VPS purchase. No custodial risk eitther, you're the service provider.

Win win.

Avatar
Peter Todd 1y ago

This could be a really interesting way to bypass AML/KYC laws.

tl;dr: with ecash tokens you can put yourself in a position where you know who your customers are. But you don't know what they're actually buying.

Reply to this note

Please Login to reply.

Discussion

Avatar
vinney...axkl 1y ago

This was my intuition also, but is that actually how KYC laws work? Just "who" and not "what"?

Thread collapsed