Kinesis is a nice platform and the construction of the system is very nice, indeed.
However, the regulatory framework they have to uphold, also means that they go further than regulation requires to minimize regulator interference.
So, the implementation to set up a bridge between several payment systems, especially fiat to anything else, is fraught with surprises. You could be KYC-ed and move a 100-$, and all of a sudden, their system raises a flag. Combine it with lack of human control, and all you are left with is a drone droning on about your compliance.
Instead of freedom it offers a training in compliance. If a person chooses to go the alternative route, be prepared to also be an ambassador for such a system, to help people make the proper moves to establish that alternative. Think: Bitcoin Jesus.
Kinesis is a nice platform and the construction of the system is very nice, indeed.
However, the regulatory framework they have to uphold, also means that they go further than regulation requires to minimize regulator interference.
So, the implementation to set up a bridge between several payment systems, especially fiat to anything else, is fraught with surprises. You could be KYC-ed and move a 100-$, and all of a sudden, their system raises a flag. Combine it with lack of human control, and all you are left with is a drone droning on about your compliance.
Instead of freedom it offers a training in compliance. If a person chooses to go the alternative route, be prepared to also be an ambassador for such a system, to help people make the proper moves to establish that alternative. Think: Bitcoin Jesus.
Only if we could sticky comments. This is a platinum reply