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Slight tangent: Maybe it’s just me, but I’m somewhat uncomfortable with the label “crypto” being co-opted as official shorthand for cryptocurrencies. I see how it’s a natural truncation of a long term, but to many of us the word crypto can mean many other things. When I saw the headline, I wondered if they had released their own cryptographic library or something else to that effect.
Earlier quoted context omitted.
Happy to see you’re taking this approach now Dang. It’s really killed a lot of threads and I hope conversations can now go up a level to the technical uses rather than generic ‘ponzi scheme’ claims.
This technology does not work as designed, advertised and towards the environment. And this announcement is an endorsement of the entire space which is full of scams, is this what you are also endorsing?
I hope we're at the point where we can focus on individual projects (which may well be absolutely useless products) than judging the entire space as a whole.
Slight tangent: Maybe it’s just me, but I’m somewhat uncomfortable with the label “crypto” being co-opted as official shorthand for cryptocurrencies. I see how it’s a natural truncation of a long term, but to many of us the word crypto can mean many other things. When I saw the headline, I wondered if they had released their own cryptographic library or something else to that effect.
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.
Of course, that just means replacing those CEXs with Stripe as the fully centralized service on the backend, and you can bet they'll be taking their cut! But anything that moves more money into crypto is good for the Web3 ecosystem. Which would, of course, only be a good thing if you considered growth of the Web3 ecosystem a good thing :)
Am very glad to see this - was considering adding Coinbase's Commerce product due to quite a few requests to accept BTC payments for our hardware at https://kubesail.com - I suppose we have an extremely privacy focused user-base currently. Since we already use Stripe, I would be very glad to simply "enable bitcoin" as a payment method and leave it at that. Somewhat sadly, I was quite involved in web3 several years ag…
Am very sad to see this.
I suppose it is inevitable but it could even present problems for businesses in the UK where their banks are allergic to payment platforms that accept cryptocurrency.
It is bonkers to be downvoted for this, but I explained my reasoning in more detail in another comment if credulous people care to reflexively downvote me there too:
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Slight tangent: Maybe it’s just me, but I’m somewhat uncomfortable with the label “crypto” being co-opted as official shorthand for cryptocurrencies. I see how it’s a natural truncation of a long term, but to many of us the word crypto can mean many other things. When I saw the headline, I wondered if they had released their own cryptographic library or something else to that effect.
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