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Show HN: Add stablecoins payment to any product. No signup required

1pay.network

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Re: Show HN: Add stablecoins payment to any product. No signup required

#6

No signup required to transfer money. Sounds like a KYC nightmare

I mean, I think they’re intentionally avoiding any interaction with the traditional financial system.

Super not a lawyer, but if you’re not even interacting with dollars, let alone acting as a custodian for customer funds… does KYC still apply?

Re: Show HN: Add stablecoins payment to any product. No signup required

#7
Hate to be that guy but, typo:

>Arbitrium

Also, it looks like this is basically just a nice web modal to streamline stablecoin transfers?

I mean, it would make sense if you also added direct payment using a CC for example, but this seems just a wrapper around web3modal that collects 1% tax on each tx.

It's good if you don't want/can't develop at all, but that's about it.

Re: Show HN: Add stablecoins payment to any product. No signup required

#8

Hate to be that guy but, typo: >Arbitrium Also, it looks like this is basically just a nice web modal to streamline stablecoin transfers? I mean, it would make sense if you also added direct payment using a CC for example, but this seems just a wrapper around web3modal that collects 1% tax on each tx. It's good if you don't want/can't develop at all, but that's about it.

Typo is my bad. Thanks for pointing it out!

Regardless, there are callback and analytic, webhooks are being considered without compromising user identity. Sure, there are a lot of things to do

Re: Show HN: Add stablecoins payment to any product. No signup required

#9
post #6

No signup required to transfer money. Sounds like a KYC nightmare

I mean, I think they’re intentionally avoiding any interaction with the traditional financial system. Super not a lawyer, but if you’re not even interacting with dollars, let alone acting as a custodian for customer funds… does KYC still apply?

Were dollars ever exchanged at any point for these digital Chuck E Cheese tokens? Seems like https://en.wikipedia.org/wiki/Liberty_dollar_(private_curren... or casino chips might be relevant precedents.