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It does use Stellar directly. The real question is why use Stripe at all, and the reason being because for now Stellar doesn't have enough connected Federation
by tyvdh 9y ago
It does use Stellar directly. The real question is why use Stripe at all, and the reason being because for now Stellar doesn't have enough connected Federation servers that can translate coins directly to native fiat currencies. Or in other words I can't get the Stellar currencies out of Stellar and into your bank accounts without Stripe. This is hopefully only temporary though. Once more banks become federation endpoints and are issuing native fiat currencies on the platform the need for Stripe will go away.
- angryasian 9y agoIt was my understanding that Stripe would be used primarily for credit cards payments to convert to this coin.
- tyvdh 9y agoSure, that happens, but not because of Stripe or through Stripe. Stripe just acts as a means of transferring a user's coin balance into a fiat currency that can move into a devs bank account from a users bank account. Stellar acts as the ledger for the coin or token system. Stripe facilitates a means to do something with that system that actually moves real money around.