The Card Issuing Problem in Crypto Neobanks
Building a crypto neobank sounds straightforward until you hit the card issuing layer. A founder on r/defi recently highlighted a critical tension facing early-stage crypto teams: choosing between compliance-heavy enterprise providers and agile vendors willing to move fast.
Enterprise vs. Agile: The Compliance Dilemma
The core issue reveals deeper protocol economics:
Protocol Economics and Vendor Selection Strategy
• Vendor conversation drift: Initial product discussions quickly pivot to KYB requirements and onboarding controls
• Partner maturity mismatch: Many providers treat crypto startups like traditional banking partnerships, not emerging protocols...