Building Onchain Global Venmo Ft. Sling Money CEO Mike Hudack
Tokenized
Building Compliance-Driven Crypto Payments Infrastructure
Establishing compliance-driven crypto payment infrastructure necessitates a proactive approach to regulatory relationships and a robust technological foundation. Prioritizing compliance from the outset can prevent future regulatory issues. Engaging with experts in financial crimes policy helps create effective sanctions enforcement and transaction monitoring. Building technology for instant fiat on and off ramps across numerous countries can be achieved quicker with a focused team than traditional custodial methods. The self-custodial wallet model paired with KYC compliance offers users greater control and portability of their funds. Utilizing a distributed ledger system, such as Solana, capitalizes on blockchain's strengths and enhances user experience. Transitioning from old-fashioned custodial models to this innovative approach is essential for improving efficiency and reliability, while ensuring that users truly own their assets.
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