I originally wanted to register for an overseas wealth management app.

But I was confused right from the first step—passport, selfie, blinking, turning head, reading numbers—a whole process to complete,
and I only had one thought: “I just want to save some money, do I really need to hand over my entire identity?”

But if you don’t hand it over, they won’t let you use it.
On-chain identity over the past few years has actually been stuck in this awkward situation:
Either learn from anonymous projects, where no one knows you—it's cool, but money can’t flow in;
or follow traditional finance, where compliance is met, but you’re basically “boxed in.”

This time, @0xMiden × Billions
made me feel for the first time:
This problem is finally not a binary choice anymore.
What they’re doing can be summarized in one sentence:
👉 You only need to prove “you are capable,”
👉 not “who you are.”

For the first time, verifying documents and real identity,
the system provides you with a zero-knowledge proof,
the original information is directly deleted.
In the future, when you go on-chain, do finance, or enter RWA,
you only need to present this “qualification credential”:
Is your age correct?
Is your country acceptable?
Are your qualifications sufficient?
No one will keep digging into your background repeatedly.
That’s also why I’ve always believed that @0xMiden is pursuing practical privacy.

It’s not the kind of “full privacy, but no one dares to adopt it,”
but rather: usable in finance, trusted by institutions, developers won’t step on mines. Developers don’t need to store user privacy, nor worry about database leaks someday; compliance issues are directly handled by Billions. So, in my view, this collaboration isn’t just a feature update,
it’s more like laying a foundation. When someday “privacy + compliance” becomes standard,
you might look back and realize: oh, the pitfalls were first filled here, with Miden × Billions.