Not long ago I did another Meme about the annoying ID verification procedure that pretty much all the exchanges deploy. While I understand where they are coming from, doing all the KYC related processes, this is an actual hurdle for many investors/people to get into Crypto! To this day, I am getting questions from friends on how the verification works and how long it takes almost on a daily basis. This is the reason why I'm fairly confident that the bubble won't pop yet, since there is just too much money that still wants to get in the market but has a hard time doing so.
When I first got into Crypto, you could create an account and buy coins within minutes, but I guess those times are over for good!
That´s why a trusted service is needed, that once identifies you and legitimizes you for all the exchanges etc. Something like OpenID for the blockchain. However creates this, will surely be one of the winners in the next years to come...
This is true! One service that fits for all exchanges... would guarantee a way smoother experience, especially for new investors!