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Stripe Crypto

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Re: Stripe Crypto

#21

Post by fuzzybear3965 »

jhatemyjob wrote: post #9
harel wrote: post #4

Just last year Stripe wouldn't even allow any crypto business to be their customers. You could not use Stripe if you business was crypto related. A client of mine had to switch implementation to checkout.com because of that. I wonder what changed...

What changed is, someone very powerful said this: "One of my incredibly big misses over the last decade was not buying enough Bitcoin. At $60k per Bitcoin, I'm still not sure if one should aggressively buy it, but surely it is telling us that we are at a crisis moment for the Fed."

I searched for who said this but came up empty. Where is this quote from?

Re: Stripe Crypto

#22

Post by sodality2 »

chinathrow wrote: post #12

Oh please. Long time Stripe fan and customer here - this makes me sad from the inside. They even mention NFT marketplaces - scams all over the places. Why would they want to support use cases like that?

> Why would they want to support use cases like that?

Money? They are a business

Re: Stripe Crypto

#24

Post by loeg »

simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

> I’m sure someone is getting rich in there but I can’t work out who or how amongst the hype, pumps, grifters, scams and outright criminals.

I think you figured out exactly who is profiting from it.

Re: Stripe Crypto

#25

Post by coconut08 »

muttantt wrote: post #19
simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

If you got into crypto in 2021-22.. you already missed the boat. This is the cashing out phase.

people have been saying this since 2011. thats not to say that the speculation that is taking place in crypto isnt ridiculous and destructive, but your claim is completely unfounded

Re: Stripe Crypto

#26

Post by simonbarker87 »

loeg wrote: post #24
simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

> I’m sure someone is getting rich in there but I can’t work out who or how amongst the hype, pumps, grifters, scams and outright criminals. I think you figured out exactly who is profiting from it.

After I posted and reread it I thought “well I guess that is who’s getting rich”

Re: Stripe Crypto

#27

Post by muttantt »

pc wrote: post #11
harel wrote: post #4

Just last year Stripe wouldn't even allow any crypto business to be their customers. You could not use Stripe if you business was crypto related. A client of mine had to switch implementation to checkout.com because of that. I wonder what changed...

Yep. Until very recently, we weren't able to support businesses selling crypto. (The regulatory details are complex.) We're now rolling out support and this page is basically about that change.

So now you can sell NFTs using Stripe, but still VOIP business startups competing with RingCentral, 8x8, etc. get their Stripe accounts cancelled...

Re: Stripe Crypto

#28

Post by simonbarker87 »

muttantt wrote: post #19
simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

If you got into crypto in 2021-22.. you already missed the boat. This is the cashing out phase.

Who knows at this stage but I’m not smart enough to work it out that’s for sure

Re: Stripe Crypto

#29

Post by muhammadusman »

simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

Went through this same cycle back in 2017-2018 and I realized that I didn't have enough energy to keep up with all the news popping up and some seemingly spiking the price of a crypto while other news just as juicy/valuable/hype-worthy didn't seem to do the same.

I know some friends who made good money from NFTs and some crypto pumps but most have either stayed flat or lost money.

So, I'm in the same place as you, I'll put my money on less "cool" investments and continue to watch the space.

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