KYC among a group of commercial customers, and then getting all the advantages of easy settlement, instant settlement, etc. You can layer identity and audit on top of the actual settlement system, since that part doesn't need to be in real time.
The idea is to use the same infrastructure for that, for non-financial mass-market anonymous stuff, and then if anyone wants to run it, for anonymous financial stuff.
End user retail purchasing on the Internet (which is what PayPal largely does now), and user to user small value transfer ($1-3k) which is also paypal, is kind of uninteresting in general. Credit cards are fine for purchasing, and user to user payments are a pretty niche thing.
The idea is to use the same infrastructure for that, for non-financial mass-market anonymous stuff, and then if anyone wants to run it, for anonymous financial stuff.
End user retail purchasing on the Internet (which is what PayPal largely does now), and user to user small value transfer ($1-3k) which is also paypal, is kind of uninteresting in general. Credit cards are fine for purchasing, and user to user payments are a pretty niche thing.