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Onboarding Friction for High-Volume Crypto Merchants
Curious if others are seeing increased friction during KYB processes for crypto payment processing, especially for merchants pushing higher volumes. We've had a few applications stall out for weeks, citing 'enhanced due diligence' without much clarity. This wasn't as prevalent a year ago. Is it new regulations, or perhaps a capacity issue with some providers?
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That's interesting. I've only dealt with smaller crypto transactions, but 'enhanced due diligence' without details sounds frustrating. Is it the same providers stalling, or across the board?