Would you trust FB with your KYC details?

[shakesbear]

Let's see what happens, maybe it will develop and it will be easy to pay for everyday needs, taxi cafe products, for this I would use.

[XCANA]

I wouldn't. I don't think this coin will succeed! What do you think?

facebook has a good security and I think they can secure it, but in terms of cryptocurrency I think that is the hindrance for their coin to boost in price because people dont want to expose and send their details for that reason.

Personally I wouldn't entrust my privacy to Facebook because of what happened with their privacy breach or accusation from the US government. Although am not a fan of altcoins and wouldn't have interest on the said token.

[tabas]

Let's see what happens, maybe it will develop and it will be easy to pay for everyday needs, taxi cafe products, for this I would use.

Because there are partners that will partner with them so its easy for their Libra coin to be used as a payment. A crypto that doesn't have use is going to be dead but as long as they have use, they will stay. I'm not a pro Libra coin but that's the reality and as much as possible I wouldn't want to trust them my details but the reality, each detail that we had is already on their database if you use FB.

[EXtremeAEX]

I wouldn't. I don't think this coin will succeed! What do you think?

Never. FB has proven itself from the bad side. They constantly give the personal information of their users to third parties. So what will change now? Nothing. Therefore, I would recommend everyone to think a few times before giving their personal information to them or anyone else.

[zissmieus]

I think that in order to create justice, they will make a request to KYC when you want to buy their coin. This is to create trust and commitment when you want to buy large amounts of LIBRA coins. And with the facebook team I believe the payment trend through crypto will quickly spread and be easy to use for almost everyone. It will make this market even bigger.

[ansarose1]

I think its not necessary to undergo kyc in a simple task. Perhaps there's a lot of accussations that there would be personal information thief happens upon kyc. Some syndicates may use our personal identification, so it is too risky to do kyc if the project is not legit.

[Tipstar]

I wouldn't. I don't think this coin will succeed! What do you think?

Facebook already knows where we live, who we hang out with, what we do for living, how we spend our weekend and nearly everything about our personal life.
If they to reveal they may have our deepest secrets. We all trust facebook in all these than why would providing them with our documents be difficult?

[stripykitteh]

I think its not necessary to undergo kyc in a simple task. Perhaps there's a lot of accussations that there would be personal information thief happens upon kyc. Some syndicates may use our personal identification, so it is too risky to do kyc if the project is not legit.

Data mining is how most KYC companies and ICO companies get their information. It is best for people to skip the KYC then purchase the coins on an exchange. It is much safer to do that then to give away any information to a stranger on the Internet.

[DainSLane]

I wouldn't. I don't think this coin will succeed! What do you think?

We are the same opinion mate since the facebook coin we do not know if they were success here in crypto currency we can not give our personal details for our security reason because our kyc would be link they will use it from other scam.

[ivaf]

I wouldn't. I don't think this coin will succeed! What do you think?

And I do not see anything terrible. Facebook already knows more about you than you think - your tastes, preferences, interests, secret desires, your connections, and much more. So the KYC for them will be just a formality.

[EXtremeAEX]

I wouldn't. I don't think this coin will succeed! What do you think?

Never. FB has proven itself from the bad side. They constantly give the personal information of their users to third parties. So what will change now? Nothing. Therefore, I would recommend everyone to think a few times before giving their personal information to them or anyone else.

Facebook is much more trustworthy than most other crypto-related services requiring KYC.
I doubt that Facebook dares doing something legally questionable with critical personal data aquired from KYC.

Maybe. It would be great if it turned out that way.
I completely agree that a number of other crypto services easily share the personal information of their users with third parties. That's why I pay attention that all of us need to think very well before sharing our personal information with anyone.

[Sacramentus]

I wouldn't. I don't think this coin will succeed! What do you think?

first of all, the project will succeed,  they have all it takes to make the project succeed. Also about kyc, I don't they need any more kyc since they have enough users data on their platform or maybe they need just little information to supplement what they already have

[ophyrim]

I wouldn't. I don't think this coin will succeed! What do you think?

I think this coin is going to be highly successful in the near future. But of course, I don't trust Facebook with my KYC details. I don't even have even a Facebook profile. I have closed it 5 years ago. But people share every detail of their life on Facebook. And I am sure they will share their KYC too.

[Gabmot]

I don't really getting this.. Am I missing something? Does facebook usage requires  submission now? I hope not! But even if that is, though many users may rave and rant at first,  i'm convinced, many won't have any option than to give in.

[Mikcik]

Of course it will succeed, because it is sponsored by Facebook, and one more thing is that the orientation for their money is completely different from the current crypto.

[Nhebu]

Nothing wrong about it. Online or offline it increasingly common for banking institutions, credit companies, and insurance agencies to require that their customers provide them with detailed information in order to ensure that they are not involved with corruption, bribery, or money laundering. But some how, I doubt Facebook since it is more exposed to public and there are cases with regards to personal account. Yet, if it will improved the security then why not.

[sulendra12]

I don't really getting this.. Am I missing something? Does facebook usage requires  submission now? I hope not! But even if that is, though many users may rave and rant at first,  i'm convinced, many won't have any option than to give in.

Facebook is currently developing their new cryptocurrency and what OP asking is that do you trust this if you want to invest on their assets? Where actually if you are a facebook user, you already shared your data with facebook such as address, full name etc.

And I do not see anything terrible. Facebook already knows more about you than you think - your tastes, preferences, interests, secret desires, your connections, and much more. So the KYC for them will be just a formality.

+1

[Goodvalony]

in the first place, Facebook coin is not a cryptocurrency because it failed all the fundamental that described a cryptocurrency. Libra is centralized and will be controlled by Mark the owner of facebook. other financial companies have already joined and should any financial platform failed to join the Libra project might be cut off from international transactions.

[nreal]

Facebook is a huge social network with more than 2 billion users, I think if Libra can go into operation, it will bring huge profits for Facebook.

[nreal]

I am in stark contrast to you, even though the market is growing, I am at a loss because of the wrong decisions that I have made plus too much greed