Anyone else finding the KYC/KYB process for newer payment service providers specializing in crypto payouts to be significantly faster and less burdensome for brokers compared to traditional banking routes? Seems like they've streamlined things quite a bit.
Faster, yes, but "less burdensome" depends heavily on your volume and where your clients are domiciled. They cut corners in some areas, but beef up scrutiny elsewhere, especially around source of wealth.
Definitely noticing that too. It's refreshing to see a more agile approach, though I do wonder if that speed comes with any trade-offs in terms of long-term stability or regulatory scrutiny down the line. What's been your experience with their support so far?
I've noticed the same, especially with providers integrating more advanced tech for identity verification. It definitely feels like a targeted solution, though I still wonder about the long-term stability and regulatory compliance of some of the newer players.