My understanding is the prompt will only appear if the transaction size exceeds the threshold mandating KYC collection. I understand you can create an account that holds your KYC information so all you need to do is login to proceed with the transaction and the continue as a guest button will allow you to enter your KYC information on a one time basis I dont think using this button will allow you to bypass KYC.
of course it won't. that's not what i suggested. i said they will probably mandate accounts eventually and remove the option to transact as a guest. you can't KYC as a guest anyway---if the threshold is triggered, you need to create an account. bitpay says this is a one-time verification which implies it must be linked to an account.
BitPay will only collect KYC information to the extent that they have to.
maybe, but that's a slippery statement. i mean, why are they enforcing KYC for using bitpay's payouts API in any amount? the FATF travel rule doesn't require that and to boot, virtually no law in the world does.
bitpay is obviously terrified of regulators and are highly likely to go above and beyond their perceived obligations. in fact, they already have. i think it's crazy to assume they won't lower the current KYC thresholds or combine multiple orders in your account history to trigger it. their biggest priority is covering their ass legally---that's a much bigger priority than minimizing KYC.
i remember people used to think shapeshift would never bend over for regulators. then overnight one day, we had mandatory accounts and KYC.
