Stripe Crypto • Hacker News Board

Re: Stripe Crypto

#81

Post by pastor_bob » Thu, Mar 10, 2022, 5:30 PM UTC

This page is more useful: https://support.stripe.com/questions/crypto-supportability-a...

Basically can sell crypto for KYC backed cash in the US. No credit cards. No paying in crypto?

Re: Stripe Crypto

#82

Post by ludamad » Thu, Mar 10, 2022, 5:31 PM UTC

erulabs wrote: post #36

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…

For businesses in times of gold-based commerce, reliable bank notes were greatly welcome. Gold was heavy and hard to validate, whereas crypto is easy to validate but also so light that without proper key management it will float away :). I don't blame you for not also wanting to perform high stakes private key keeping on top of a business

Re: Stripe Crypto

#83

Post by schleck8 » Thu, Mar 10, 2022, 5:31 PM UTC

JaimeThompson wrote: post #60

The main point of crypto these days appears to be to replace the current middlemen with different middlemen who can make more profit while offering the consumer much less legal protection. It's a bit concerning.

How to participate in crypto? Just head to a privately owned exchange that might be traded at a stock exchange! Alternatively use a startup service that in turn relies on a privately owned backend that might as well go public at any point.

Re: Stripe Crypto

#84

Post by knownjorbist » Thu, Mar 10, 2022, 5:31 PM UTC

eclipxe wrote: post #59

atlantas wrote: post #34

I find the sheer volume of anger and hatred surrounding this and other related announcements completely unhinged. Why are so many people threatened by services that give their users options?

HN hates everything.

It's wild, considering the cryptopunk thing is happening _now_, not in the 90s.

Re: Stripe Crypto

#85

Post by pastor_bob » Thu, Mar 10, 2022, 5:32 PM UTC

erulabs wrote: post #36

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…

I don't think this allows for crypto payments nor for 'discreet' transactions

See: https://support.stripe.com/questions/crypto-supportability-a...

Re: Stripe Crypto

#86

Post by NovemberWhiskey » Thu, Mar 10, 2022, 5:32 PM UTC

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...

Did anything necessarily change? I imagine there can be a different answer between the two questions "are crypto businesses bad risks as a payment provider?" and "is cryptocurrency a bad risk as a payment mechanism?"

Re: Stripe Crypto

#87

Post by toolz » Thu, Mar 10, 2022, 5:33 PM UTC

JaimeThompson wrote: post #60

The main point of crypto these days appears to be to replace the current middlemen with different middlemen who can make more profit while offering the consumer much less legal protection. It's a bit concerning.

or more protection, depending on your perspective. I'd think russians wanting to interface with US services right now would find crypto offers more protection than fiat.

Further, I know a few small businesses that have had large sums of money locked up by services like paypal without any communication. Crypto also provides far more protection from issues like that.

Re: Stripe Crypto

#88

Post by danuker » Thu, Mar 10, 2022, 5:33 PM UTC

edwinwee wrote: post #64

danielandrews43 wrote: post #47

Some high quality humor on the page with "Cube Thingy 1", "Cube Thingy 2", and "Cube Thingy 3"

And the Cube Thingies are real! https://niftygateway.com/collections/cube-thingies

"Not yet Available". Aww.

Re: Stripe Crypto

#89

Post by simonbarker87 » Thu, Mar 10, 2022, 5:33 PM UTC

2ndseq wrote: post #50

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…

Respect for actually getting into the thick of things and trying it out. I hope some of the hype can die down without totally killing the momentum.

Thanks, I made a legit concerted effort and just could make it stick. Maybe I’ll look stupid in the future but from where I am now with the information I have I’m ok with that.

Re: Stripe Crypto

#90

Post by root_axis » Thu, Mar 10, 2022, 5:33 PM UTC

atlantas wrote: post #34

I find the sheer volume of anger and hatred surrounding this and other related announcements completely unhinged. Why are so many people threatened by services that give their users options?

Is your honest interpretation of cryptocurrency critics that they feel "threatened by services that give their users options"?