3 ms·
You are responsible for the fraud yourself if you use Visa. They also just outright won't let us use them, we asked almost a dozen providers, including stripe,
by Taek 9y ago
You are responsible for the fraud yourself if you use Visa. They also just outright won't let us use them, we asked almost a dozen providers, including stripe, including paypal, including several other popular options that are generally cryptocurrency friendly.
> There aren't many companies taking Bitcoin. The book 50 foot blockchain by David Gerard has more on this. The gist though is that often a payment processor is encourages by Bitcoin maximalists to accept Bitcoin. Months later they realize no one is using it and remove it as a payment option. Then the Bitcoin maximalists pounce and harass them.
That's true for small time merchants like tshirt providers and restaurants. That's not true for more serious platforms like Circle, Abra, and a couple that facilitate large (6 figures or more) payments across borders. Those companies absolutely find value in the fast finality, in the low fees (a $10 transaction fee is less than 0.01% for a 6 figure USD transaction), and in the fact that there are bitcoin exchanges in almost every country in the world. Fiat payment rails provide other features, but for some use cases Bitcoin is by far the best option.