9 ms·
My company operates in a highly international business area. The whole industry is moving towards using crypto for B2B payments. Every provider and partner offe
by Feeble 5y ago
My company operates in a highly international business area. The whole industry is moving towards using crypto for B2B payments. Every provider and partner offers payment by crypto - because international bank payments are slow, expensive and complicated (gets stuck, countries blocked, unclear KYC etc, opaque AML blockers etc).
- __alexs 5y ago> My company operates in a highly international business area. Is it drug trafficking?
- rjmunro 5y agoWhich industry do you work in?
- mellavora 5y agoexcept those KYC and AML laws still apply to the companies making the transfers. And some of the regulators are extremely aggressive in their enforcement. so your company either has to set up its own KYC/AML compliance department (noting that this is often a regulated profession) or it is probably breaking the law. International bank payments are slow, but they are also reversible and compliance is not your problem.