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notbrokemexican t1_j9803tb wrote

Reply to comment by helium_farts in Instagram and Facebook to get paid-for verification by Argon41

Having a checkmark is kind of important. It helps prevent scams. I think Zuckerberg is also using this to further implement KYC on its platform since banking and fintech has always been hovering implementation in the meta ecosystem.

I always felt that that was a huge mistake by Twitter. They sold checkmarks but didn’t deepen identity when it was probably the easiest time ever to convince users to register with KYC on a social network.

KYC btw is Know Your Customer, a process that fintechs and banks go through from a regulatory POV to have users add banking and financial services onto their apps.

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WTFisSHAME t1_j986cgi wrote

Ironically them selling these checkmarks will make them near worthless now, the whole prestige was being giving the checkmark by the verification staff.

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The-Daily-Meme t1_j9aadcg wrote

I have a social media account that was going through the verification process, I hit all the criteria they asked for, and then it got put on hold for weeks and eventually rejected.

Coincidentally around the same time that this gets announced. If they think I want it that bad that I’m going to pay for it they can think again.

I applied for it because a number of impersonator accounts had started being made. But a paid for verification system isn’t going to prevent that, just like we saw with Twitter.

I imagine the majority of people that will initially sign up to this will be young teenagers that see it as a way of feeling like a celebrity of sorts.

However, as you say, “once everyone is super, nobody is”.

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SeeYouSpaceCowboy--- t1_j9d0hwn wrote

> KYC btw is Know Your Customer, a process that fintechs and banks go through from a regulatory POV to have users add banking and financial services onto their apps.

jibberish, dystopian technobabble

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notbrokemexican t1_j9imn5r wrote

Not really. More post civil rights era policies through the bank secrecy and anti money laundering act in order to maintain a drug war for decades and having to build identification and risk software around that.

But sure complain about tech and its dystopian pornography and get your heroin level dopamine hit rather than being informed in your speech.

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SeeYouSpaceCowboy--- t1_j9ivyd1 wrote

or just reread the sentence and realize it's dystopian technobabble, whether it's fact or not. what are you even on about?

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