WingCash Forum

Tiered KYC ("Know Your Customer")

We’ve worked hard to retain in WingCash the features many of us enjoy when using physical coins and bills. One of the beautiful features of physical currency is that nearly everyone can use it. We often say that cash circulates freely. We wanted to retain the “circulates freely” feature in the System so everyone can create a wallet for free. The free wallet allows people in certain jurisdictions to begin sending and receiving cash. The basic wallet is also constrained with deposit limits. Deposit limits are configurable for a specific wallet based on the type and reliability of information provided by the owner of the wallet.

I see a time in the future when we may enroll our authoritatively issued, digital drivers license in our wallets and the constraints of our wallet are appropriately and automatically lifted. Won’t that be cool?

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