TECH - EXCLUSIVE: Why Traditional Banks Could Play A Major Role In Crypto Mass Adoption | Benzinga
Mina Khattak, senior director crypto and Web3 at Worldpay, recalled at Benzinga’s Future of Digital Assets event how FTX was in her company’s boarding process, but was not approved.
That lucky sidestep underscores the importance of implementing extensive checks and due diligence, including know-your-customer (KYC) and anti-money laundering (AML) protocols.
“The ability for Web2 companies and traditional financial services companies to start offering these services is going to make consumers a little more comfortable and giving them payment methods to acquire crypto is also going to facilitate onboarding — by layering all of those many ...