KYC (Know Your Customer)

Ribbit will introduce a full KYC process to unlock access to regulated features such as buying and selling crypto with fiat. KYC is required by payment partners and regulators to ensure compliance with anti-money laundering (AML) and other financial laws.

The KYC process will be simple and fast. Users will be guided through a few clear steps that include submitting identity documents and basic personal details. Verification will be handled securely by trusted third-party providers who specialize in compliance. Ribbit will not store sensitive identity data directly.

KYC will only be required for users who want to use fiat-based features such as card top-ups, on-ramping, or off-ramping. All other core wallet features will remain fully accessible without identity verification.

By introducing KYC only where necessary, Ribbit aims to strike the right balance between user privacy and regulatory compliance. This also makes it possible for the app to partner with leading financial service providers across different regions.