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Remove KYC from jargon file (#338)
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tomdaffurn authored Jul 3, 2024
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Expand Up @@ -738,7 +738,6 @@ Quick explanation of terms used.
| Term | Definition |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| PFI | Partipating Financial Institution: typically this is some kind of company that allows you to obtain a specified currency in exchange for another (e.g. BTC -> KES) |
| KYC | Know Your Customer: requirements that financial institutions know who their customer is for legal and compliance reasons. |
| payin | a method/technology used by the sender to transmit funds to the PFI. |
| payout | a method/technology used by the PFI to transmit funds to the recipient. e.g. Mobile Money |
| payout currency | currency that the PFI is paying out to Alice. Alice will _receive_ the payout currency from the PFI. |
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