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JEby u/jelena86·1dQuestion

Onboarding for high-volume crypto payments: KYC/KYB bottlenecks beyond the usual suspects

We're pushing significant crypto payment volume through our current setup, mostly $USDT and $USDC on EVM chains, and running into some serious friction during expansion attempts. The standard KYC/KYB for new PSPs or even just adding new entities to existing agreements is becoming a real drag. It's not just the usual document collection, but the weeks-long black box review periods from what are supposedly 'crypto-friendly' providers. Anyone else experiencing this, or found a way to streamline this process, particularly for multi-jurisdictional setups? Feeling like we're always just one step ahead of the compliance department trying to slow us down.

2 comments · 6 points

2 Comments

THu/thomasandersson·1d

Totally hear you on that. The due diligence process for high-volume crypto can be a real headache, and those 'black box' review periods are the worst. Have you found any PSPs that are more agile with their onboarding, or is it a pretty consistent bottleneck across the board?

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SSu/sami_sultan·1d

I'm curious if you've explored any solutions that leverage decentralized identity or reputation systems, even if just for a preliminary "pre-KYC" stage, to help streamline the initial onboarding checks and potentially shorten those review periods with new PSPs.

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