But anywayyy, the premiums surely suck, but what I'm more surprised about is the no KYC part. I know, it's not like you're totally private as you're paying through Apple Pay(whereas Apple has your personal information), but still. I'm pretty sure I'm missing something here on how they're able to run this service legally and in a regulated manner.
I've been reading through all their ToS and seems like they are claiming they are not offering any kind of transactions nor are they accepting any kind of payment, all of that is being done through their third-party provider, in this case, Wyre and although fro most of the clients probably the will be no KYCthey do reserve the right to block any of our exchange, and besides, you're already KYCd
when you use your card. Probably I'll try the wallet this weekend, I like to keep my iPhone as clean as possible since it's also my work smartphone, maybe even throw a few bits in there but I seriously doubt I will ever use the exchange service. The rates are not that bad for larger amounts compared to other so-called instant exchanges but still not attractive. Not really familiar with all this liquid stuff, so, probably it's time to do a little research.
Damn,,, not available for me because I cannot Apple:( My question is why are they building something like this for Apple when they know most of us only use cheaper Android?
Probably because they haven't managed to get a deal with a 3rd party for Gpay?