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Yes, the Stripe Crypto team started six months ago and the first step was to tune our fiat payment APIs to work with exchanges, on-ramps, and NFT marketplaces.

Yes, the Stripe Crypto team started six months ago and the first step was to tune our fiat payment APIs to work with exchanges, on-ramps, and NFT marketplaces. Working on lots more, so stay tuned for more announcements very soon!

biztos 5y ago
I would love to know how often real-world money is referred to as "fiat" inside Stripe.
- chockchocschoir 5y ago
  "Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new term that appeared from the cryptocurrency space (as many believe). The search trend, https://trends.google.com/trends/explore?date=all&q=Fiat%20Money https://trends.google.com/trends/explore?date=all&q=Fiat%20M..., seems to be relative stable since start of collecting trend data (2004), with slightly increasing volume as we get closer to today, but generally stable. More information: https://www.investopedia.com/terms/f/fiatmoney.asp https://www.investopedia.com/terms/f/fiatmoney.asp
  - asasidh 5y ago
    fiat means by decree. Bitcoin made the term fiat popular.
    - dbattaglia 5y ago
      I've heard it used often in the past (like 10 - 15 years ago) by some of my Ron Paul loving anti-Fed libertarian friends that were always talking about how we need to move back to the gold standard. I think Bitcoin certainly exposed the term to even more folks with different backgrounds outside of those who study or work in economists and finance.
    - chockchocschoir 5y ago
      > Bitcoin made the term fiat popular. I don't think this is true, and I also provided a link to Google Trends proving this is not true (at least in terms of "Google Popularity"). Do you have any evidence that Bitcoin made that term popular?
    - Handytinge 5y ago
      I don't think so. Fiat has been a common term in finance for many decades.
    - auntienomen 5y ago
      Uhh... Popular on Reddit maybe. The term 'fiat' has been standard among traders, economists, and other professionals for a very long time. Other options were common until quite recently.
      - deleted 5y ago
        [deleted]

biztos 5y ago

I would love to know how often real-world money is referred to as "fiat" inside Stripe.

chockchocschoir 5y ago
"Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new term that appeared from the cryptocurrency space (as many believe). The search trend, https://trends.google.com/trends/explore?date=all&q=Fiat%20Money https://trends.google.com/trends/explore?date=all&q=Fiat%20M..., seems to be relative stable since start of collecting trend data (2004), with slightly increasing volume as we get closer to today, but generally stable. More information: https://www.investopedia.com/terms/f/fiatmoney.asp https://www.investopedia.com/terms/f/fiatmoney.asp
- asasidh 5y ago
  fiat means by decree. Bitcoin made the term fiat popular.
  - dbattaglia 5y ago
    I've heard it used often in the past (like 10 - 15 years ago) by some of my Ron Paul loving anti-Fed libertarian friends that were always talking about how we need to move back to the gold standard. I think Bitcoin certainly exposed the term to even more folks with different backgrounds outside of those who study or work in economists and finance.
  - chockchocschoir 5y ago
    > Bitcoin made the term fiat popular. I don't think this is true, and I also provided a link to Google Trends proving this is not true (at least in terms of "Google Popularity"). Do you have any evidence that Bitcoin made that term popular?
  - Handytinge 5y ago
    I don't think so. Fiat has been a common term in finance for many decades.
  - auntienomen 5y ago
    Uhh... Popular on Reddit maybe. The term 'fiat' has been standard among traders, economists, and other professionals for a very long time. Other options were common until quite recently.
    - deleted 5y ago
      [deleted]