5 ms·

or more protection, depending on your perspective. I'd think russians wanting to interface with US services right now would find crypto offers more protection t

by toolz 5y ago

or more protection, depending on your perspective. I'd think russians wanting to interface with US services right now would find crypto offers more protection than fiat. Further, I know a few small businesses that have had large sums of money locked up by services like paypal without any communication. Crypto also provides far more protection from issues like that.

tmp_anon_22 5y ago
Except any company facilitating this would be in violation of US sanctions. No way Stripe-crypto is going to be a 1-click money laundering tool
skybrian 5y ago
I don't know how this applies to their crypto offering, but: > Stripe currently does not support users located in Russia, Ukraine and Belarus. While users with direct or indirect activities involving Russia, Belarus, and Ukraine are not broadly considered prohibited by Stripe at this time, all major credit card networks have announced that they are ceasing services to Russian financial institutions. Additionally, Stripe will not process transactions involving sanctioned Russian financial institutions and does not support Mir. This means transactions involving Russian-issued cards are likely to be unsuccessful. We encourage you to ensure compliance with relevant sanctions regulations in your jurisdiction. https://support.stripe.com/questions/impact-of-sanctions-on-russia-and-belarus https://support.stripe.com/questions/impact-of-sanctions-on-...
- khanan 5y ago
  Why the fsck would they block Ukrainians? Makes no sense.
  - antaviana 5y ago
    I figure they are betting that Ukraine will be sooner or later part of Russia.
    - vmception 5y ago
      or the limited partners of the private equity firms that invested in them are Russian oligarchs telling them what to do lol This is pretty common (simply by the size of the investments), and Yuri Milner's DST Global was in some funding rounds so they probably have a big stake. Yuri Milner is exhibit A of how the offshore feeders fund a bunch of US tech startups, mostly for the alpha, but that also comes with influence https://www.theatlantic.com/international/archive/2017/11/yuri-milner-paradise-papers/545483/ https://www.theatlantic.com/international/archive/2017/11/yu... So, sanctions result in cutting off Russia, investors result in cutting off Ukraine ha.
  - skybrian 5y ago
    I don't know but for some context, see the end of [1]. (It's not about Stripe specifically, but about why banks do this.) The whole article is useful background. [1] https://bam.kalzumeus.com/archive/moving-money-internationally/ https://bam.kalzumeus.com/archive/moving-money-international...

by toolz 5y ago

tmp_anon_22 5y ago

Except any company facilitating this would be in violation of US sanctions. No way Stripe-crypto is going to be a 1-click money laundering tool

skybrian 5y ago

I don't know how this applies to their crypto offering, but: > Stripe currently does not support users located in Russia, Ukraine and Belarus. While users with direct or indirect activities involving Russia, Belarus, and Ukraine are not broadly considered prohibited by Stripe at this time, all major credit card networks have announced that they are ceasing services to Russian financial institutions. Additionally, Stripe will not process transactions involving sanctioned Russian financial institutions and does not support Mir. This means transactions involving Russian-issued cards are likely to be unsuccessful. We encourage you to ensure compliance with relevant sanctions regulations in your jurisdiction. https://support.stripe.com/questions/impact-of-sanctions-on-russia-and-belarus https://support.stripe.com/questions/impact-of-sanctions-on-...

khanan 5y ago
Why the fsck would they block Ukrainians? Makes no sense.
- antaviana 5y ago
  I figure they are betting that Ukraine will be sooner or later part of Russia.
  - vmception 5y ago
    or the limited partners of the private equity firms that invested in them are Russian oligarchs telling them what to do lol This is pretty common (simply by the size of the investments), and Yuri Milner's DST Global was in some funding rounds so they probably have a big stake. Yuri Milner is exhibit A of how the offshore feeders fund a bunch of US tech startups, mostly for the alpha, but that also comes with influence https://www.theatlantic.com/international/archive/2017/11/yuri-milner-paradise-papers/545483/ https://www.theatlantic.com/international/archive/2017/11/yu... So, sanctions result in cutting off Russia, investors result in cutting off Ukraine ha.
- skybrian 5y ago
  I don't know but for some context, see the end of [1]. (It's not about Stripe specifically, but about why banks do this.) The whole article is useful background. [1] https://bam.kalzumeus.com/archive/moving-money-internationally/ https://bam.kalzumeus.com/archive/moving-money-international...