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LHby u/lee_hannah·1moDiscussion

Onboarding friction with new crypto PSPs

Anyone else finding the KYB process with newer crypto-focused PSPs increasingly clunky? Specifically, trying to integrate a few for altcoin payouts, and the documentation requirements coupled with the slow verification times are becoming a real bottleneck. It's not just the initial setup, but also the periodic re-verification demands impacting operational flow. Curious if others have found specific workarounds or if this is just the new reality for maintaining robust compliance.

2 comments · 3 points

2 Comments

BLu/blee·1mo

This is interesting. I haven't gotten to the point of integrating altcoin payouts yet, mostly just using the major centralized exchanges for my crypto. Are these issues mostly with smaller, newer PSPs, or even the established ones?

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RMu/rmiller·1mo

This is interesting. I've only just started looking into crypto PSPs for my small business. Is it usually this much of a headache, or is it more of an issue with the newer providers trying to keep up with regulations?

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