4 ms·

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://kub

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 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 ago when the web3.js project was very young - so I have mixed feelings about being glad "someone else is gonna handle it for me". I suppose in the last 5 years I've gone from "Not your keys, not your coins!" to "I just don't want to spend a ton of time on this". Does that mean crypto has failed to live up to the dream or does that mean it's finally boring enough for old-business-owner-me to make use of it? I can't quite decide! I am a former Stripe employee, so I am quite biased, but I'll just say: In my experience, if the Collison brothers do anything - you'd be a fool to think it's not extremely well thought out. If I hear a rhyme I assume there is a damn good reason.

traveler01 5y ago
If you want to accept cryptocurrency payments and want a privacy focused service you can try Cryptapi...
- rsstack 5y ago
  Not to be negative, but when evaluating financial services CryptAPI are failing most checks: - Three employees on LinkedIn, none with a background in finance, security, accounting, etc. - No audited security certifications (PCI DSS doesn't directly apply, but there should be _something_ that shows that _someone_ checked their processes/code/infrastructure for reasonable best practices) - No fraud protection or anything like that. This could be nice for a crypto-only side-business that someone is running, but it can't be used by a serious company that needs to supplement their non-crypto payments with a crypto payments option.
  - dmak 5y ago
    Not saying I don’t agree with you, but a lot of fiat measures or security certs are based off the weaknesses of tradfi. I am guessing that crypto payment processor requires a much thinner layer of trust and leverages a lot of the underlying blockchain technology without having to build more glue around it.
  - traveler01 5y ago
    Well, I've been using their service for quite a while and it works great. I like that each transaction is forwarded to my wallet right after the first confirmation on the blockchain, so the money is always on my side.
unfocussed_mike 5y ago
> Am very glad to see this Am very sad to see this. I suppose it is inevitable but it could even present problems for businesses in the UK where their banks are allergic to payment platforms that accept cryptocurrency. It is bonkers to be downvoted for this, but I explained my reasoning in more detail in another comment if credulous people care to reflexively downvote me there too: https://news.ycombinator.com/item?id=30629808 https://news.ycombinator.com/item?id=30629808
ludamad 5y ago
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
pastor_bob 5y ago
I don't think this allows for crypto payments nor for 'discreet' transactions See: https://support.stripe.com/questions/crypto-supportability-and-availability-by-region https://support.stripe.com/questions/crypto-supportability-a...
- unfocussed_mike 5y ago
  Really? The OP link does not make this at all clear. If the text says one thing, the opposite is suggested by the screenshots in the page. I do not expect it to be clear to the people reviewing transactions at crypto-phobic banks. I would prefer a payments provider that will have absolutely nothing to do with these businesses, but either way, the way this is being communicated looks like an attempt to split a hair too finely.
lawn 5y ago
> I suppose we have an extremely privacy focused user-base currently. If you're serious about this, you should strongly consider Monero.

traveler01 5y ago

If you want to accept cryptocurrency payments and want a privacy focused service you can try Cryptapi...

rsstack 5y ago
Not to be negative, but when evaluating financial services CryptAPI are failing most checks: - Three employees on LinkedIn, none with a background in finance, security, accounting, etc. - No audited security certifications (PCI DSS doesn't directly apply, but there should be _something_ that shows that _someone_ checked their processes/code/infrastructure for reasonable best practices) - No fraud protection or anything like that. This could be nice for a crypto-only side-business that someone is running, but it can't be used by a serious company that needs to supplement their non-crypto payments with a crypto payments option.
- dmak 5y ago
  Not saying I don’t agree with you, but a lot of fiat measures or security certs are based off the weaknesses of tradfi. I am guessing that crypto payment processor requires a much thinner layer of trust and leverages a lot of the underlying blockchain technology without having to build more glue around it.
- traveler01 5y ago
  Well, I've been using their service for quite a while and it works great. I like that each transaction is forwarded to my wallet right after the first confirmation on the blockchain, so the money is always on my side.

unfocussed_mike 5y ago

> Am very glad to see this Am very sad to see this. I suppose it is inevitable but it could even present problems for businesses in the UK where their banks are allergic to payment platforms that accept cryptocurrency. It is bonkers to be downvoted for this, but I explained my reasoning in more detail in another comment if credulous people care to reflexively downvote me there too: https://news.ycombinator.com/item?id=30629808 https://news.ycombinator.com/item?id=30629808

ludamad 5y ago

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

pastor_bob 5y ago

I don't think this allows for crypto payments nor for 'discreet' transactions See: https://support.stripe.com/questions/crypto-supportability-and-availability-by-region https://support.stripe.com/questions/crypto-supportability-a...

unfocussed_mike 5y ago
Really? The OP link does not make this at all clear. If the text says one thing, the opposite is suggested by the screenshots in the page. I do not expect it to be clear to the people reviewing transactions at crypto-phobic banks. I would prefer a payments provider that will have absolutely nothing to do with these businesses, but either way, the way this is being communicated looks like an attempt to split a hair too finely.

lawn 5y ago

> I suppose we have an extremely privacy focused user-base currently. If you're serious about this, you should strongly consider Monero.