Pairs is implementing Travel Rule measures to ensure compliance while providing a secure and seamless experience for its users.
For outgoing transactions:
Users may need to provide information about the beneficiary, including their name and whether the transfer is to a private wallet or a cryptocurrency exchange. Once provided, this information will be securely associated with the corresponding wallet address, so it doesn't need to be re-entered for subsequent transactions to the same address.
For incoming transactions:
Users may be required to provide additional information about the sender, such as their name and the origin of the transfer (e.g., private wallet or exchange).