[Discussion] Tether FLOT Reserve

I am checking bitfinex’s verification process. It is mandatory in order to use Tether! Not very incentive :anguished:
Poloniex is much simpler but is out of the question since its tether/BTC walls have a high spread and not always available!

Verification Requirements: Individual Account

  1. Complete online form
  2. Age: at least 18 years old.
  3. Information: telephone number, email address, residential address
  4. Identification: two forms of valid government issued identification with picture ( ie passport, national ID card, driving license, residency card, employment permit card, etc). If you do not have 2 forms of ID, you can provide only one and contact compliance@bitfinex.com to arrange for a Skype or google hangout call.
  5. Bank Statement: clearly highlighting your name as the account holder (your first deposit to Bitfinex must come from this account).
  6. Proof of Address: a statement not older than 3 months from a utility, service company, licensed corporation or government authority clearly indicating your name and residential address.

Please note:

  • All documents provided must be in Roman/Latin alphabet or a certified English translation is required.
  • All files uploaded must be in pdf, jpeg, png, text (txt), msword
  • All fields in the following verification form are mandatory (NA for Non Applicable can be used)
  • To avoid possible delays please check the correctness before submitting documents, please double check you do not send the same document twice and possibly forget one.

Yah, the verification is no slouch. That’s why im saying it’s all well and good we like tether, but we need an executor.

Good idea. I would support some reserve held in Tether.