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If you're in the payments business in 2021 and don't have crypto product offerings then you are limiting your customer base. Imo a good decision for stripe, and

If you're in the payments business in 2021 and don't have crypto product offerings then you are limiting your customer base. Imo a good decision for stripe, and even better to let others chart the course for a few years first.

alonder 5y ago
Is it really that limiting though? I know lots of people in and out of tech who have heard the word bitcoin or cryptocurrency and at most 2 people who have ever made or been interested in making a transaction. Obviously anecdata, but it doesnt seem to me like the amount of engineering effort vs actual users doesnt seem like an actually good tradeoff to me.
sp332 5y ago
It also limits their exposure to scams and customers trying to do chargebacks using non-reversible payment methods.
- x86_64Ubuntu 5y ago
  That's not a plus for the consumer and won't do much to enhance customer adoption and preference for the payment method.
johnebgd 5y ago
This is of course because in 2021 an overwhelming number of consumers are finally pushing for crypto currency payments.... /s Seriously though, if speculative assets are your thing then crypto is great. It's still not great for the average consumer to use for payments.
- practice9 5y ago
  There is hope that the move to Proof Of Stake and the arrival of various scaling solutions for Ethereum will finally make crypto payments simpler (2022 - 2023 implementation time frame). Here is a short blog post that discusses this tech: https://polynya.medium.com/argent-zksync-a-peer-to-peer-electronic-cash-system-dream-comes-to-life-8724a64e33f7 https://polynya.medium.com/argent-zksync-a-peer-to-peer-elec... I think the other big issue is that current wallet apps are very buggy and their UX sucks in general, so your point still stands
  - NicoJuicy 5y ago
    Experimenting with my money is not something I'd appreciate. Then again, perhaps it's just me.
- 0x000000001 5y ago
  Change happens quick. We all started relying on smartphones seemingly overnight.
  - johnebgd 5y ago
    Bitcoin is 13 years old.
NicoJuicy 5y ago
Last time people said this ( 2017), there weren't much payments in practice. I don't think anything changed. They added support for crypto in the past and removed later on too, similar to a couple of years ago ( eg. Steam, Amazon, ... ).

alonder 5y ago

Is it really that limiting though? I know lots of people in and out of tech who have heard the word bitcoin or cryptocurrency and at most 2 people who have ever made or been interested in making a transaction. Obviously anecdata, but it doesnt seem to me like the amount of engineering effort vs actual users doesnt seem like an actually good tradeoff to me.

sp332 5y ago

It also limits their exposure to scams and customers trying to do chargebacks using non-reversible payment methods.

x86_64Ubuntu 5y ago
That's not a plus for the consumer and won't do much to enhance customer adoption and preference for the payment method.

johnebgd 5y ago

This is of course because in 2021 an overwhelming number of consumers are finally pushing for crypto currency payments.... /s Seriously though, if speculative assets are your thing then crypto is great. It's still not great for the average consumer to use for payments.

practice9 5y ago
There is hope that the move to Proof Of Stake and the arrival of various scaling solutions for Ethereum will finally make crypto payments simpler (2022 - 2023 implementation time frame). Here is a short blog post that discusses this tech: https://polynya.medium.com/argent-zksync-a-peer-to-peer-electronic-cash-system-dream-comes-to-life-8724a64e33f7 https://polynya.medium.com/argent-zksync-a-peer-to-peer-elec... I think the other big issue is that current wallet apps are very buggy and their UX sucks in general, so your point still stands
- NicoJuicy 5y ago
  Experimenting with my money is not something I'd appreciate. Then again, perhaps it's just me.
0x000000001 5y ago
Change happens quick. We all started relying on smartphones seemingly overnight.
- johnebgd 5y ago
  Bitcoin is 13 years old.

NicoJuicy 5y ago

Last time people said this ( 2017), there weren't much payments in practice. I don't think anything changed. They added support for crypto in the past and removed later on too, similar to a couple of years ago ( eg. Steam, Amazon, ... ).