Cash For Crypto

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Businesses around the globe are beginning to open up to crypto and provide 'cash-back' services regarding Bitcoin.

Many of these services sell Bitcoin at a premium, exposing a new community to Bitcoin while charging a middle-man fee for doing so (+$500 to trading price).

These temporary middle-men are exposing the general population to Bitcoin at an accelerated rate and show how other vendors can do the same while making some extra money on the side. It's a good incentive to ramp up toward worldwide adoption, however short-lived.

Privacy Advantages

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For example, the platform does not require registration and respects user privacy. It provides an easy way to buy small amounts of crypto and won’t ask you to reveal sensitive personal data or provide a copy of your ID.

This is a great way for citizens to keep their information private. Only small transactions will be allowed, but if the value of Bitcoin keeps doubling every year like it has been all of a sudden thousands of these seemingly small transactions from the past will be seen as huge transactions that never had any KYC attached to them.


When the in-points and out-points of a Bitcoin address have no KYC, it's impossible to know the actual person in control of that money.


It's being proven time and time again that the establishment is doing one thing but saying another. They're constantly locking down blockchain patents and attempting to interface with this superior technology but at the same time say things like "blockchain not Bitcoin". Are we buying what they are selling?

Conclusion

Decentralization will constantly break the boundaries of regulation. No matter how regulated the market is, people are going to trade cash for crypto anonymously regardless of the rules. From there, the more adoption Bitcoin has the easier it will be to spend money privately even if all transactions are transparent on the blockchain. If there is no way to trace the wallet to an identity all those transactions are private.

Cash For Crypto | Ecency