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Stripe: Bitcoin

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Re: Stripe: Bitcoin

#71

Post by CPLX »

josu wrote: post #60
patrickaljord wrote: post #27

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

It may not be that appealing for a dollar/euro economies, but for emerging markets where their currency is not that stable and average inflation is around 3-5% it could have great potential.

> where their currency is not that stable and average inflation is around 3-5% it could have great potential

Yougottabekidding

Re: Stripe: Bitcoin

#72

Post by colechristensen »

josu wrote: post #60
patrickaljord wrote: post #27

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

It may not be that appealing for a dollar/euro economies, but for emerging markets where their currency is not that stable and average inflation is around 3-5% it could have great potential.

To be fair and somewhat blunt with facts:

* Today's bitcoin / USD High/Low trading price shows a swing of a bit more than 3%

* Today's Argentine Peso (ARS) / USD High/Low trading price shows a swing of 0.1% (Argentina being a country with high inflation problems)

Re: Stripe: Bitcoin

#73

Post by nosuchthing »

josu wrote: post #60
patrickaljord wrote: post #27

Earlier quoted context omitted.

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

It may not be that appealing for a dollar/euro economies, but for emerging markets where their currency is not that stable and average inflation is around 3-5% it could have great potential.

BTC is not an investment for stability [1]. And the OP is still asking a valid question, why pay BTC when that's several extra steps rather than pay debt or credit?

[1] http://www.coindesk.com/price/

Re: Stripe: Bitcoin

#74

Post by general_failure »

lukasm wrote: post #24
adriancooney wrote: post #17

What a fantastic product page. After less that 30 seconds, I knew exactly what Stripe was doing with Bitcoin, how to use the new feature and integrate it. This is great news for Bitcoin. If all it takes is one extra line of code for online retailers to start accepting the currency, widespread adoption could sky rocket. That's always been Bitcoin's crutch, simple integration. Others like Coinbase and Bitpay have made…

Actually, I disagree. I prefer video. I can always rewind to read it, pause if I'm distracted and it's very small text on my phone.

I agree as well. The animation was way too fast for me.

Re: Stripe: Bitcoin

#75

Post by benjamindc »

sergiotapia wrote: post #63
benjamindc wrote: post #9

Earlier quoted context omitted.

I'm just using a tiny lib that makes things easier: https://github.com/bendc/animate Other than that, it's just vanilla js/css.

I just want to say that you're one of my favorite designers out there and I enjoy your various posts out there on the web. Thanks so much for sharing your talent for us developers to peek inside!

Thank you, means a lot :)

Re: Stripe: Bitcoin

#76

Post by joosters »

veryluckyxyz wrote: post #42
nate_martin wrote: post #38

Earlier quoted context omitted.

Merchant sets their price in dollars (for example) and the price in Bitcoin is calculated when a transaction is made using the current btc exchange rate.

Stripe (in this case) receives bitcoins and it is exposed to fluctuations. So, if Stripe guarantees the seller a price for the bitcoin, I would think that Stripe has a mechanism to limit or even eliminate the risk from that exposure. I am interested in learning how Stripe does it. Do you know how Stripe does it?

Maybe they just hope that the fluctuations will balance out?

Re: Stripe: Bitcoin

#77

Post by benjamindc »

brentm wrote: post #52
benjamindc wrote: post #9

Earlier quoted context omitted.

I'm just using a tiny lib that makes things easier: https://github.com/bendc/animate Other than that, it's just vanilla js/css.

It looks great. Would love to see a blog post explaining your methodology.

Thanks! I might actually write a "behind the scenes" post, assuming I find the motivation to do it :p

Re: Stripe: Bitcoin

#78

Post by vuldin »

benjamindc wrote: post #9
manuelflara wrote: post #7

I absolutely love the little animated step by step process shown of how it works. Is this done with an open source library?

I'm just using a tiny lib that makes things easier: https://github.com/bendc/animate Other than that, it's just vanilla js/css.

Seeing the differences between how this performs in chromium vs firefox is a little annoying... it's one thing that chromium still does much better, for the time being I hope.

Re: Stripe: Bitcoin

#79

Post by benjamindc »

vuldin wrote: post #78
benjamindc wrote: post #9

Earlier quoted context omitted.

I'm just using a tiny lib that makes things easier: https://github.com/bendc/animate Other than that, it's just vanilla js/css.

Seeing the differences between how this performs in chromium vs firefox is a little annoying... it's one thing that chromium still does much better, for the time being I hope.

https://stripe.com/bitcoin runs actually super smoothly for me on Firefox 35.

Re: Stripe: Bitcoin

#80

Post by cissou »

patrickaljord wrote: post #27
adriancooney wrote: post #17

What a fantastic product page. After less that 30 seconds, I knew exactly what Stripe was doing with Bitcoin, how to use the new feature and integrate it. This is great news for Bitcoin. If all it takes is one extra line of code for online retailers to start accepting the currency, widespread adoption could sky rocket. That's always been Bitcoin's crutch, simple integration. Others like Coinbase and Bitpay have made…

I think the crutch now is not that it's hard to acquire bitcoins (thanks to coinbase and friends) or pay with bitcoin (thanks to stripe and friends), no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? It can be useful for people who either don't have access to credit cards but have access to bitcoins, people who already have a lot of bitcoins and curious tec…

Keep in mind that the merchant fee is .5% with Strip/Bitcoin. With regular credit card payment processing, the fee is something like 2.25%. The difference could be shared equally between the merchant and their customers. Life would be 1% cheaper for everyone (kind of).
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