How strict is KYC on crypto payment cards?
I have been looking into crypto payment cards recently and one thing that keeps coming up is how different the KYC processes seem depending on who is behind the product.
From my conversations with people they say it’s the same as opening a bank account with full ID verification while others make it sound like they got access almost instantly which made me think about how much of that difference comes down to the specific provider.
With how much attention compliance and regulation are getting I would expect most serious setups to be pretty strict if they’re connected to global payment networks but at the same time you hear edge cases that make it seem inconsistent which makes it harder to tell what the baseline is.
The opinions feels all over the place depending on what people use so I’m still not sure what the baseline actually is for these cards when some need full ID verification and others are just quicker which made it hard to tell what the standard is for these things.
would be good to understand how strict this is supposed to be in practice