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Re: Maria56 post# 79840

Saturday, 11/12/2022 12:28:47 PM

Saturday, November 12, 2022 12:28:47 PM

Post# of 97282
Some prominent retail chains only allow for store credit, not cash, upon returning an item. If Moni allowed cash redemptions hackers may find a way to steal that fund, whatever pool of money is set aside for cash redemptions. Retail stores don’t keep 10 k at the register in case a few people return 2,000 dollar barbecues for cash, you’d have to hire some expert customer service to prevent fraud and further, cash redemptions would encourage criminal organizations to launder money in and out of MONI’s fund by using it as a temporary storage, maybe the criticism of that strategy isn’t as well thought through as assumed.

my posts are always theory and not financial advice