Email Flow

As a fallback protocol to the TRP protocol, it is highly recommended to use email to cater to VASPs in the sunrise stage that have not yet implemented TRP.

The Email Flow tackles all possible scenarios where TRP is not an option. For incoming transactions from a counterparty VASPs customer it's recommended you use the

Archive New Transaction Email Flow

For outgoing transactions coming from your customers, it's recommended you use one of the two options on the

Send Transaction Notification Email Flow

Archive New Transaction Email Flow

As the title states, this flow can be found in Archive New Transaction on the Transactions page by clicking on the Ask For Confirmation Email checkbox. This flow is used when your customer wants to receive funds from a counterparty VASPs customer. For this, a four-step process is initiated:

  1. Before your customer can receive funds from a counterparty VASP's customer, you must first fill out the Archive New Transaction form, where you must provide the beneficiary information as well as the originator information provided by your customer. Once you have filled out the form 21 Travel Rule will send an email to your counterparty VASP asking for confirmation.

  2. Your counterparty VASP should confirm that the originator of the transaction is indeed one of their customers and send you an email stating this.

  3. You can then proceed to credit your beneficiary customer with the funds.

  4. 21 Travel Rule will archive the transaction for compliance purposes.

You can see the email flow for incoming transactions in the following image:

Send Transaction Notification Email Flow

Send Transaction Notification Email Flow

This flow can be found in Send Transaction Notification on the Transactions page. You have two options within this flow which depend on the responsiveness of the counterparty VASP and on your risk appetite. One option will not require the counterparty VASP to confirm the transaction, which means you can streamline everything in one step through 21 Travel Rule. The other option will require the counterparty VASP to confirm the transaction, which means you will have more accurate data for compliance checks. Here is a breakdown of the two options:

Without Confirmation

This is a one-step process where you should:

  1. Collect the counterparty customer's information from your customer.

  2. Execute the transaction on the blockchain.

  3. Add it to the form in the 21 Travel Rule Transactions page that will finally automatically send all the Travel Rule data to the counterparty VASP on an email.

With Confirmation

This is a three-step process which is as follows:

  1. Collect the counterparty customer's information from your customer and add this information to the form in the 21 Travel Rule Transactions page. This will automatically send all data to the counterparty VASP in an email asking for confirmation.

  2. The counterparty will then check if the beneficiary is indeed one of their customers. If they are, they will send you an email with the confirmation.

  3. You can then proceed to execute the transaction on the blockchain.

  4. 21 Travel Rule will archive the transaction.

You can see this flow with the two options in the following image:

Send Transaction Notification Email Flow