Recently noticed a payment tool called Mypal, which focuses on Crypto Assets consumption cards and cross-border transfers.

The card application process is quite simple; just upload an ID photo from your phone, and the three-step KYC verification takes about 5 minutes to complete. It uses a dedicated Crypto Assets consumption card channel, which sounds like they have done their homework on compliance.

The coverage of use cases is quite good—mainstream channels such as Alipay, PayPal, Apple Pay, and Google Pay can all be used. For those who frequently need to handle cross-border payments or want to directly consume on-chain assets, it provides a relatively convenient outlet.

There are more and more products of this kind now, but the core issue is whether they can truly solve the friction problem between Crypto Assets and real-world payment scenarios.

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ForkItAll

· 12-02 17:00

5 minutes to complete KYC, I've seen this trap too many times, in the end, don't we still have to queue and wait for approval --- Doing homework on Compliance? You're really bold, I want to see which day the regulators come knocking --- Another consumer card, the competition has ruined the track, the core issue is whether or not you can avoid having your account frozen --- Both Alipay and PayPal can be used, sounds good, but have you actually used it... what about the fees --- On-chain assets for direct consumption sound nice, but is there any guarantee of stability --- When Mypal will do a Rug Pull is a point of interest, let's just observe for now --- I'm actually a bit worried about KYC being so fast, is it really compliant? --- Cross-border transfers are numerous, but I'm afraid that at a critical moment, the account will be frozen --- No matter how many tools like this there are, they won't solve the fundamental issue of cashing out on-chain --- Five-minute verification, I don't believe you at all, there must be a bunch of hidden steps afterwards

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SmartMoneyWallet

· 12-02 16:58

5 minutes KYC? The Compliance measures do seem a bit superficial, how can the flow of funds be tracked?

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SnapshotStriker

· 12-02 16:57

Five minutes to pass KYC? I've heard this trap many times, but in the end, it still depends on whether it can really be used.

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BasementAlchemist

· 12-02 16:57

5-minute verification? This speed is a bit ridiculous, a little excited but also a bit scared.

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AirdropDreamer

· 12-02 16:42

5 minutes to issue a card, this speed is indeed impressive. --- Another consumption card, let's see how long it lasts. --- Compliance sounds easy to say, but the key is how to execute it. --- On-chain assets can be consumed directly, that's the right way to go. --- Mypal? I've never heard of it, I'll wait and see before deciding. --- Both Alipay and PayPal can be used, which shows some sincerity. --- KYC completed in five minutes, I'm a bit skeptical about that. --- There are too many of these things, competition has already become a red ocean. --- The key is to truly solve friction, otherwise it's just a facade. --- I've tried several consumption cards, and they are just like this.

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