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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?

#21
post #10

I've been thinking about doing the same. Seems like most of answers here are BTC. Anything available in ETH yet? Or maybe XLM? A Stripe for crypto would be awesome.

Stripe used to have Bitcoin payments. Bitcoin payments fell out of fashion when fees started to rise. Let's see if they re-enable it with Lightning.

https://stripe.com/blog/ending-bitcoin-support

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

#22
BTCPayServer is probably the one with most surface area as it supports a few Bitcoin derivate coins. Alternative upcoming solutions like PayWithTerra[1] which is only a middleman watching the blockchain for you is interesting, but a bit out in the fringes.

1. https://paywithterra.com/

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

#23
post #9

Earlier quoted context omitted.

Does this work? The only instances of people attempting to use LN I've witnessed ended in failure.

Everyone using Bitcoin in El Salvador is using lightning network for the most part.

McDonalds is using OpenNode here in El Salvador: https://twitter.com/robertcurrie/status/1443055854056525831

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

#25
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.

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

#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 currency so that others cannot see your financials.

---

EDIT: Kasisto may be obsolete, not sure. I recommend asking at https://old.reddit.com/r/Monero or at one of their IRC channels https://www.getmonero.org/community/hangouts/

Also a great place to start is Monero Outreach [0]. A bit down the page is a link to a github which links to different integration possibilities for things like WooCommerce, Shopify, Magento, and OpenCart [1].

[0] https://www.monerooutreach.org/merchants/how-to-accept-moner...

[1] https://github.com/monero-integrations

EDIT: Another link I found: https://monerointegrations.com

(Disclaimer, I own some XMR after learning about it here on HN years ago.)

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

#27
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 sign.

that kid at macdonalds right now can DCA into crypto using his gaming PC at night time. if u had been doing that the last 10 years, u would be retired by now. get it? the younger generation, crypto is a investment opportunity like our parents generation saw real-estate.

times have changed. the govs had there time to ban crypto, they havnt. its less volatile and more secure and more open then any 3rd world country currency. the investment bankers are in it. its not going anywhere. the masses (20-30s) have who are stacking crypto are going to be the voter bloc of the next 20 years.

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

#28
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.

Because it's not a currency. Gold has existed forever but you won't find point of sale systems with good support for gold coins either.

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

#29
Most comments suggest using BTC in various ways, as usual. I'm curious as to why hasn't a stablecoin been adoptet/gained mainstream traction for this use case yet? They seem like a perfect fit for making digital payments while preventing exposure to crypto volatility.
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