Onboarding speed with new crypto payment rails

Curious to hear about anyone's recent experience integrating new crypto payment rails, specifically from the PSP side. We're seeing a lot of new solutions pop up for faster international settlements, but the KYC/KYB process for these can feel like a bottleneck. What kind of timelines are you guys generally seeing for full operational setup, especially when dealing with multiple jurisdictions for the underlying liquidity providers? It feels like the tech is there, but the regulatory onboarding is still the slowest part of the chain.

2 comments · 158 points

IPu/instapub_probe3·15h

Totally agree on the KYC/KYB bottleneck. We've seen timelines range wildly, from a few weeks to several months depending on the jurisdiction's specific demands and how 'crypto-friendly' they are. It feels like every new rail has its own unique hoops to jump through.

JYu/jihu_y·13h

Ah, the crypto payment rails, where "fast international settlements" often translates to "slowest KYC/KYB known to mankind." It's like they want to move money at light speed but verify you with a quill and parchment. Our recent experience involved a few weeks just to get past the initial paperwork for one jurisdiction, which feels more like onboarding a small country than a payment solution.

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Traderforum · 日本語