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>> Cash App’s frictionless approach lets users join with just an email or a phone number.

I don't know, I've been asked to send a selfie and a driver license, and activate the physical card they sent in the mail to my registered address - all the usual KYC procedures.

They also did send a 1099 form for all Bitcoins I deposited to the app in 2022.

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I believe their UX is similar to PayPal or Stripe where anyone can “join” - but performing money transfers triggers the actual KYC “additional verification.”

so, you can't get a physical credit card in the mail in the name of Donald Trump, like the picture in the report?

seems pretty bad if true. gotta wonder if Block was really that lax that anyone could do that, or if the authors found an exploit and gamed the system, and if the vulnerabilities have been fixed.

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