RE: PIVX x NUMO Alliance: Pay for concerts, parking meters, etc with PIVX through the NUMO app

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PIVX x NUMO Alliance: Pay for concerts, parking meters, etc with PIVX through the NUMO app

in cryptocurrency •  last year 

Basically PIVX is now moving to some sort of Centralised Token platform? what do the Numo tokens offer the holders themselves? They launched their ICO at the right time too.... Just dont know how Numo can fully claim to be Peer to Peer when Fiat is involved....

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  ·  last year (edited)

They are point of sale Canadian company and want to use PIVX for cannabis tx since its fully anon. This is in line with what DASH is doing in the cannabis industry, there is huge demand for alternative payment methods because these local pot shops can still have problems with the Canadian and US federal governments. NUMO is trying to be more than just pot shops, it is their own kind of digital money they are trying to get accepted everywhere like apple pay or android pay.

Ok, but I dont see how Numo can help the Pot shops (yet). i will look into this further, but Numo does require KYC to be registered with. So the Pot shops will have to convert to FIAT(which they will) at an exchange ( possibly centralised)or at NUMO that follows Canadian KYC regulations. So my guess is, that if the govt wants to find out, they can go to Numo(if the shop used Numo to convert to FIAT) who will direct them to the shops(unwanted attention). From there, I'm assuming the shop received piv(zpiv?), which I guess does add a layer of anonymity if the customer comes in to pick up the goods ( may be other ways). The only advantage I see here for the pot shop is if they are too lazy to convert piv or zpiv to fiat themselves so they use NUMO, which can bring them attention. In any case I'm contacting NUMO now to find out more about their model and find out why they have a token and where I can them from and what use does it have for me.