Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams.
Facial recognition can help prevent future Bitcoin (BTC) scams like those that hit Twitter and YouTube, said Rod Hsu, president and co-founder of virtual currency platform Coincurve.
During an interview with Cointelegraph, Hsu said Bitcoin is an electronic form of currency that is non-reversible and somewhat anonymous, “coupled with this gap in understanding makes it appealing for scam artists.” But because of the negative publicity the cryptocurrency got with the scams, it may have discouraged many from adopting it.
“Due to the nature of this, people may see scams and Bitcoin being synonymous.