In the UK and using Meta (Facebook, Instagram, Threads, Whatsapp)?
Meta can't wait to share your info with two UK banks! To cut down on scams, of course!
Discussion
Oh wait, there's more. Revolut has something to say...
Which is interesting. Because yes, most of these giant corps should probably be held liable for scams in some way.
The Revolut website doesn't say anything about Bitcoin but I swear someone in the UK told me they buy BTC with it? Maybe I'm thinking of the wrong thing.
It’s a payment option on RoboSats.
Really? I'm going to have to look closer.
I thought it was just an app, like cashapp
It is. You would use it to pay the seller the fiat and then they send their BTC to you. Revolut is just the fiat payment.
The story makes more sense now. Totally makes sense a Bitcoin company would clapback at Meta for sharing UK users' data with banks...
But (as an American) looking at the Revolut website, it sure doesn't look like a Bitcoin company.
Revolut, like many others had to go the step of becoming retail banks that double as exchanges for Bitcoin and then, “Digital Assets”. (KYC’d now of course)
Before they launched they were more going in with a custodial Bitcoin solution plan. Then expanded to crypto, mostly for regulatory/commercial purposes. Then regulation put them in a position to KYC or die. They chose the retail/neo bank format.
Few others that were all headed that route have also ended up the same. Mostly from following the hype of the 2017 ‘ICO’ age of tokens etc… They are forced to register as different types of financial services. Depending on where they are based/operate of course.
Services Vs Regulations
