Fresh Ideas for a social media platform but the goal of cryptocurrency is mostly for anonymous payments and for greater privacy compare to Credit Card or Fiat money isn't this kind of features is one step backward for the real goal of cryptocurrency? Which is supposed to be private.
To start, I want to thank you for your interest.
Spendtrack is a customised platform that allows a wide vision of the future of crypto
It's probably easiest to explain using examples.
Let's say in our 1st sceneriao, we know that online retailers have a big problem with fake reviews. With Spendtrack, sales platforms can use our rating system with verified purchases to prove to site visitors that money actually changed hands for the product, and that the review isn't faked.
Or, by using Spendtrack, you can browse listings of your local brick-and-mortar retail shops to see if they accept Bitcoin as payment
In a third example, potential investors to a project or company must go through a vetting process and prove income or ownership of assets. Spendtrack can make that a much simpler process by allowing the company to do their due diligence within the Spendtrack platform.
Finally, I have seen a lot of crypto exchanges ask for source of funds for KYC/AML purposes. With Spendtrack, we can provide traceability of funds while also protecting the anonymity of the transactions themselves.
There are a lot of use cases for Spendtrack, and I will be glad to answer all your questions
