Sumsub has introduced a new solution — the Travel Rule SDK, which significantly reduces user abandonment in crypto applications while improving compliance processes.
Launch of Travel Rule SDK by Sumsub
Sumsub announced the launch of its Travel Rule SDK aimed at addressing compliance challenges for Virtual Asset Service Providers. The new SDK integrates with platforms, reducing user drop-offs by 35% through simplifying compliance processes.
Positive Impact on the Industry
Industry players report increased onboarding efficiency due to the SDK's seamless integration. VASPs find the enhanced compliance measures beneficial, promising improved user engagement and retention across crypto platforms.
Comparison with Previous Solutions
Preceding solutions like Sygna and TRISA faced adoption hurdles. Sumsub's SDK builds on these, offering improved compatibility and reduced friction for compliant crypto transactions.
Clients and industry participants highly appreciate the new SDK from Sumsub as a pivotal step towards enhancing regulatory compliance in the cryptocurrency industry.
