• Einar@lemm.eeEnglish
    75·
    1 year ago

    Online banks use this method. I am not happy with this either. It’s government-regulated, so OK (sort of).

    A social media site? No, thank you.

    • dejf@lemmy.worldEnglish
      33·
      1 year ago

      Banks are usually bound by KYC (know your customer) laws and are required to verify your identity. Imagine trusting some random third-party company with your photo ID though… Insane.

      • voxel@sopuli.xyzEnglish
        9·
        1 year ago

        actually, two companies.
        you give up your id forever to an id verification company + twitter stores it for 30 days

      • boolyEnglish
        5·
        1 year ago

        Well it’s obvious that Musk wants X to be a bank, so this isn’t unexpected.

    • SCB@lemmy.worldEnglish
      26·
      1 year ago

      Banks have significantly stronger security and PII measures than X ever will, as well.

    • voxel@sopuli.xyzEnglish
      3·
      1 year ago

      yeah, that’s obvious. you need a photo of your id in order to open a bank account…
      they usually process the data on their own though without using third parties