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Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

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Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#41

Post by JudgePenitent »

If you aren't using stablecoins then you are paying with volatile assets. If the assets are more volatile than usd, and if the cost of said volatility is greater than potential savings with transaction fees, then you will end up paying more to transact values between individuals to get...? Security? Speed?

Stablecoins at least in the States are awaiting proper regulation. Without proper regulations you should not be using stablecoins, because once regulations are declared they will most likely pick a few leading horses to carry the standard and murder off the rest.

That said any current existing software which allows transactions with stablecoins is built upon shaky and uncertain ground. Best to wait.

Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#42

Post by matheusmoreira »

MerelyMortal wrote: post #26

There is Kasisto which uses Monero (XMR). https://github.com/amiuhle/kasisto > Kasisto is a Point of Sale payment system to accept the cryptocurrency Monero. The only requirement is an internet connection, there are no third parties involved. > To be fast (confirmation within seconds), Kasisto accepts unconfirmed transactions. If you're not using a middleman, then I think it would be wise to use a private-by-default…

Monero is one of the best coins for actual payments right now. I've seen people pay others in XMR for original content. Low fees and good speed.

Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#43

Post by devinhn »

New and interesting stripe-like service for accepting Nano: https://github.com/formsend/nano.to

"This service creates a Checkout UI for any valid 'nano_' or 'xrb_' address, for free. You can customize further with URL params or HTTP POST body data."

Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#44

Post by artfulhippo »

RustyRussell wrote: post #17
artfulhippo wrote: post #5

If your users expect a reasonable level of UX quality, you're likely better off giving a middleman his ounce of flesh. If not, then spend your valuable time hacking together some combo of scripts and open source code to watch your wallets for incoming payments.

I disagree: BTCPayServer is pretty smooth these days.

I acknowledge that BTCPayServer works smoothly for BTC. What about ETH?

Looking at their documentation, it seems like a kludge:

https://docs.btcpayserver.org/FAQ/Altcoin/

Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#47

Post by Daishiman »

weq wrote: post #27
apalmer wrote: post #19

Amazing how their is a currency who's been rising for 10 years that you actually have to 'solve' for how to spend it.

Your talking about bridging currency. Something that most banks still cant do easily with any customer they have. ie. HSBC, a global bank, doesnt even support instant transfers around the world (payid), yet thats there buisness for how many years? ie. with crypto, u can setup a wallet, u can buy currency, then lend it out to a DeX for fees and apy in 3 clicks, no wait period, minimal capital expenditure. no forms to…

Nothing in this comment makes any logical sense.

Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#48

Post by Daishiman »

smabie wrote: post #36
__d wrote: post #34

Earlier quoted context omitted.

The "perfect fit for making digital payments while preventing exposure to crypto volatility" is ummm ... fiat with Visa/Mastercard? Which is exactly why no cryptocurrency has gained mainstream traction: it's solving a "problem" that doesn't exist for most people, and doing so in a way that introduces new problems.

traditional payment processors wield undo influence and control over businesses: just look at the past onlyfans drama. Moving away from a duopoly that censors legal businesses it doesn't like is definitely valuable, and also something a stable coin could facilitate. Moving money around onchain is orders of magnitudes easier than using the tradfi systems. Most crypto firms (trading firms, VCs, protocols, etc) are excl…

And yet you can't buy anything with crypto, as evidenced by an entire thread full of solutions that either, a) nobody uses, b) are terribly difficult to implement as a layman, or c) are possibly vehicles for fraud.

As a guy who had no fear compiling Gentoo kernels 15 years ago, saying you can actually use BTC to pay for things is about a feasible as saying that 2005 was the year of the Linux desktop.

Re: Ask HN: Practically accepting cryptocurrency for businesses without middlemen?

#50

Post by Hjfrf »

SmellTheGlove wrote: post #25
apalmer wrote: post #19

Amazing how their is a currency who's been rising for 10 years that you actually have to 'solve' for how to spend it.

At least this one has a use case. Ever go on /r/cryptocurrency or some of the even more bonkers subs? Someone will post a new coin and half the comments look like bots and shills loving the tech and the use cases. They never actually state what the use case is, of course.

Providing exit liquidity for the creator is always use case #1.
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