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This is true in many situations, but setting up full self-maintained payment processing isn't really a feasible option for small or even larger development team

This is true in many situations, but setting up full self-maintained payment processing isn't really a feasible option for small or even larger development teams. Payment processing is heavily regulated with many legal requirements, not to mention the countless security threats.

deleted 4y ago
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wsc981 4y ago
Would be feasible with crypto though.
- tdrgabi 4y ago
  "Crypto payment processor SpankPay announced on Monday that it would shut down because of financial discrimination" They were using crypto. Didn't help.
  - CydeWeys 4y ago
    I think the problem was in the gateway to USD. If they only accepted crypto, and paid it out to the sex workers, then it would work. But in the real world your average John has a credit card, not crypto, and your average sex workers can't pay their rent or buy groceries using crypto. The problem was, and always is, the gateways to fiat. And I don't see a solution to that.
    - kevviiinn 4y ago
      So then how do the sex workers use their wages?
      - nailer 4y ago
        The comment you’re replying to has the same concern.
        kevviiinn 4y ago
        You're right, I jumped to a conclusion although I still don't think the comment is very constructive
        CydeWeys 4y ago
        Your comments here are way less constructive, fwiw. Those in glass houses ...
    - hinkley 4y ago
      Shell corporations?
    - wsc981 4y ago
      There's is no user-friendly solution, but I don't see why it would not be possible to send money to/from a -say- Kraken wallet to a wallet used to buy/sell sexual services from an app. It's just a bit of hassle to transfer. Not including the on-ramp from fiat to crypto inside the app would solve the issue, I would think.
- koolba 4y ago
  The first half of paying for the services maybe. But you’ve just pushed the problem of converting from crypto to $DOLLAR to the service provider. I don’t think Coinbase for example would knowingly allow a prostitute, whose inbound source of tokens is coming from a digital pimping service, to convert them to USD and then ACH the cash to her local bank.
- usrbinbash 4y ago
  No it wouldn't, because that's just kicking the can down the road to the exchange provider.
gadders 4y ago
This didn't seem to bother anyone when people were told to EG create their own facebook or Twitter.
- AnIdiotOnTheNet 4y ago
  ...and then the people who were pissed at Facebook and Twitter went off and made their own Facebook and Twitter because making a website has very little in the way of barriers to entry. Financial services is a very different arena.
- Geezus-42 4y ago
  Those are not regulated. I think you missed the point.
  - gadders 4y ago
    I don't think regulations would be the main thing stopping someone creating their own Facebook.

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wsc981 4y ago

Would be feasible with crypto though.

tdrgabi 4y ago
"Crypto payment processor SpankPay announced on Monday that it would shut down because of financial discrimination" They were using crypto. Didn't help.
- CydeWeys 4y ago
  I think the problem was in the gateway to USD. If they only accepted crypto, and paid it out to the sex workers, then it would work. But in the real world your average John has a credit card, not crypto, and your average sex workers can't pay their rent or buy groceries using crypto. The problem was, and always is, the gateways to fiat. And I don't see a solution to that.
  - kevviiinn 4y ago
    So then how do the sex workers use their wages?
    - nailer 4y ago
      The comment you’re replying to has the same concern.
      - kevviiinn 4y ago
        You're right, I jumped to a conclusion although I still don't think the comment is very constructive
        CydeWeys 4y ago
        Your comments here are way less constructive, fwiw. Those in glass houses ...
  - hinkley 4y ago
    Shell corporations?
  - wsc981 4y ago
    There's is no user-friendly solution, but I don't see why it would not be possible to send money to/from a -say- Kraken wallet to a wallet used to buy/sell sexual services from an app. It's just a bit of hassle to transfer. Not including the on-ramp from fiat to crypto inside the app would solve the issue, I would think.
koolba 4y ago
The first half of paying for the services maybe. But you’ve just pushed the problem of converting from crypto to $DOLLAR to the service provider. I don’t think Coinbase for example would knowingly allow a prostitute, whose inbound source of tokens is coming from a digital pimping service, to convert them to USD and then ACH the cash to her local bank.
usrbinbash 4y ago
No it wouldn't, because that's just kicking the can down the road to the exchange provider.

gadders 4y ago

This didn't seem to bother anyone when people were told to EG create their own facebook or Twitter.

AnIdiotOnTheNet 4y ago
...and then the people who were pissed at Facebook and Twitter went off and made their own Facebook and Twitter because making a website has very little in the way of barriers to entry. Financial services is a very different arena.
Geezus-42 4y ago
Those are not regulated. I think you missed the point.
- gadders 4y ago
  I don't think regulations would be the main thing stopping someone creating their own Facebook.