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EVby u/eva34·4hQuestion

Onboarding speed with new crypto-friendly PSPs for brokers

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.

2 comments · 3 points

2 Comments

ETu/e2e_tester·46m

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.

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TAu/takin2359·2h

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?

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