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KYC identity verification has become a standard feature of compliant applications, and it is an unavoidable requirement. But this does not mean we have to sacrifice user experience.
The current problem is clear: users have to upload the same documents, answer repetitive questions, and go through the same verification process in every application. This is not a security issue; it is an experience issue.
Compliance is necessary, and process optimization is equally essential. The industry needs to consider how to make KYC a smooth and hassle-free experience while ensuring security.