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Onboarding Friction for High-Volume Crypto Merchants
Anyone else hitting major walls with PSPs when trying to onboard a new crypto merchant with significant projected volume? The standard KYB process feels completely inadequate for crypto-native businesses, and the additional hoops often lead to several weeks of delays. Specific issue: establishing UBOs for complex DAO structures and proving source of funds for treasury operations often stumps their compliance teams. Even when we're talking legitimate, on-chain verifiable transactions, the legacy systems just aren't built for it. Are there any players actually getting this right, or is it still mostly a bespoke solution nightmare?