#datingscams | Looking for Love? Blockchain Will Help – October 10, 2019

Looking for Love? Blockchain Will Help

A new wave of dating apps are using blockchain’s distributed ledger to offer services that commit to transparency and safety. By verifying users with the help of artificial intelligence, they’re weeding out fraudsters and serial senders of unsolicited penis pics, OZY reports. Besides tapping into a growing global dating app industry that’s already worth $2 billion a year, they’re also filling a clear need: In 2017, The FBI received 15,000 complaints of love scams totaling $210 million.

Are these apps the future? Topping Tinder’s 1.6 billion swipes per day won’t be easy, especially since the most sophisticated services come with a price tag, meaning the audience might stay niche.

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