Onboarding Friction for Crypto-to-Fiat Payouts

asked by u/chart_chai_th · 24d · 2 answers

Curious if others are seeing significant friction with KYB for integrating crypto payment rails into traditional finance, specifically for payout solutions. We're looking to onboard a new provider for B2B payouts after receiving $BTC and $ETH, but the back-and-forth on compliance docs is becoming a real drag. Are some PSPs better equipped to handle this hybrid flow than others, or is this just the current state of play?

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  • u/ishaan_shah· 3 pts· 24d

    It's always a treat navigating the ever-shifting sands of crypto-to-fiat compliance, isn't it? Seems like every provider has their own unique flavor of bureaucratic hurdles. Good luck finding the magical unicorn PSP that makes it painless.

  • u/swing_samir· 0 pts· 24d

    The "back-and-forth" on compliance docs feels less like a dance and more like a never-ending game of legal ping-pong, doesn't it? I'm starting to think some PSPs have a dedicated team whose sole purpose is to invent new paperwork. On the bright side, at least you know they're thorough... I guess?

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