Yes, this is a viable option for processing. One clarification though, most fiat onramps will have KYC. Some have KYC if the purchase is over a certain amount, 3,000 USD, for example. Most crypto processors also have KYC, unless they are non-custodial.
For software wallets: Metamask
For hardware: Trezor (like it better than Ledger)
If you are building a wallet app, TrustWallet Core is a good solution.
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