Fastbitcoins, a new service that lets people buy and use Bitcoin in physical retail outlets with cash, has announced updates across its platform. The main focus is on giving customers increased privacy from personal data being accessed by third-parties. Updates as follows:
Removal of Google Recaptcha, Google Fonts and Google Maps: to ensure users are not correlated with using a service that enables them to purchase Bitcoins (Fastbitcoins says that it is also committed to not using third-party analytics solutions as a further privacy enhancement)
It is now optional as to providing an email address when redeeming low value vouchers.
Reduction in standard commission down to 4.5% from 6%
Improvements to what information is provided to the company when a user sells Bitcoins to the venture.
New channels created when delivering on the Lightning Network can be either public or private.
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“As a company focused on making Bitcoin more usable at a mainstream level, we believe in developing a service that understands those seeking privacy don’t always have something to hide, a private life isn’t something to be snubbed,” says Danny Brewster, Managing Director at Fastbitcoins.
“Consumers are becoming more aware of how their data can be harnessed by software providers for commercial gain or those seeking political influence to oppress or manipulate. The updates to our platform are the first steps towards demonstrating privacy by default is not only feasible but also leads to a much better user experience. They also show our continued efforts to improve the ease of which people can buy and spend their Bitcoins.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.