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Sounds like Stripe announced a new version of its checkout experience that will be using THE BLOCKCHAIN AND A WEB3 INTERNET COMPUTER to give a more precise sele

by WA 2y ago

Sounds like Stripe announced a new version of its checkout experience that will be using THE BLOCKCHAIN AND A WEB3 INTERNET COMPUTER to give a more precise selection of payment options to customers depending on location and what customers may have already used.

colesantiago 2y ago
Yeah, they added scammy crypto coins to their offerings for "payments" which is already a solved problem. Stripe is now openly endorsing crypto scam coins and adding "AI" buzzword soup dujour. They are getting heavily distracted while their customers Stripe accounts get shut down unfairly.
- bidder33 2y ago
  you know stablecoin payments have as much volume as visa right? as much as people don’t want crypto to be useful, it is. even “solved” problems can have better solutions
- chinathrow 2y ago
  Pre-IPO warmup?
  - jayde2767 2y ago
    Sounds about right. Likely also segregating IP and protecting any copyright before that as well.
- sevagh 2y ago
  >Yeah, they added scammy crypto coins to their offerings for "payments" which is already a solved problem. >Stripe is now openly endorsing crypto scam coins This is hysteria, not a rational opinion. USDC is supported by Circle and Coinbase, both of which are audited, and there's nothing inherently scammy about accepting crypto payment methods.
  - colesantiago 2y ago
    > USDC is supported by Circle and Coinbase, both of which are audited... Circle has given out attestations of USDC, which is not a formal deep comprehensive audit of USDC. Attestations != Audits.
  - Entwickler 2y ago
    Thank you for pushing back against the "crypto anywhere bad!" crowd. T The USDC payments are pretty tame, and on the networks they have selected performance should be pretty quick and cheap too. For example, payments via ETH Polygon L2 is ~2 cents (https://l2fees.info/ https://l2fees.info/) and transaction time is also a couple seconds. I personally am glad to see them reintroduce crypto now that its matured more for stable payment use cases.
  - JumpCrisscross 2y ago
    > USDC is supported by Circle and Coinbase, both of which are audited We hold banks to a higher standard than just audits because plenty of audited entities collapse. (FTX was audited [1].) > there's nothing inherently scammy about accepting crypto payment methods Inherently, no. But statistically, you're more likely to be doing something illegal or generally be a compliance hassle than someone accepting standard payment. (On the other hand, you're also more likely to be less sensitive to high transaction costs and less financially sophisticated in general. And a lower priority for law enforcement and regulators.) [1] https://www.ft.com/content/930c6cea-5457-4dfa-9d47-666c0698c335 https://www.ft.com/content/930c6cea-5457-4dfa-9d47-666c0698c...
    - mejutoco 2y ago
      I would like to add Wirecard to the list of audited companies that turned out highly irregular.
  - bnchrch 2y ago
    The dogma of the anti crypto crowd here is painful. It used to be easy to take the comments here at face value as you could assume it was posted by someone rational and objective. Now I'm not so sure. This is coming from someone who isn't "Crypto is going to change the world" but rather someone who has used it successfully to be paid, pay others, and sell assets all of which would have cost me much more to do at a bank. (e.g. Transaction fees, wire transfer fees, inflated forex prices, cost of time to go to a branch etc..)

by WA 2y ago

colesantiago 2y ago

Yeah, they added scammy crypto coins to their offerings for "payments" which is already a solved problem. Stripe is now openly endorsing crypto scam coins and adding "AI" buzzword soup dujour. They are getting heavily distracted while their customers Stripe accounts get shut down unfairly.

bidder33 2y ago
you know stablecoin payments have as much volume as visa right? as much as people don’t want crypto to be useful, it is. even “solved” problems can have better solutions
chinathrow 2y ago
Pre-IPO warmup?
- jayde2767 2y ago
  Sounds about right. Likely also segregating IP and protecting any copyright before that as well.
sevagh 2y ago
>Yeah, they added scammy crypto coins to their offerings for "payments" which is already a solved problem. >Stripe is now openly endorsing crypto scam coins This is hysteria, not a rational opinion. USDC is supported by Circle and Coinbase, both of which are audited, and there's nothing inherently scammy about accepting crypto payment methods.
- colesantiago 2y ago
  > USDC is supported by Circle and Coinbase, both of which are audited... Circle has given out attestations of USDC, which is not a formal deep comprehensive audit of USDC. Attestations != Audits.
- Entwickler 2y ago
  Thank you for pushing back against the "crypto anywhere bad!" crowd. T The USDC payments are pretty tame, and on the networks they have selected performance should be pretty quick and cheap too. For example, payments via ETH Polygon L2 is ~2 cents (https://l2fees.info/ https://l2fees.info/) and transaction time is also a couple seconds. I personally am glad to see them reintroduce crypto now that its matured more for stable payment use cases.
- JumpCrisscross 2y ago
  > USDC is supported by Circle and Coinbase, both of which are audited We hold banks to a higher standard than just audits because plenty of audited entities collapse. (FTX was audited [1].) > there's nothing inherently scammy about accepting crypto payment methods Inherently, no. But statistically, you're more likely to be doing something illegal or generally be a compliance hassle than someone accepting standard payment. (On the other hand, you're also more likely to be less sensitive to high transaction costs and less financially sophisticated in general. And a lower priority for law enforcement and regulators.) [1] https://www.ft.com/content/930c6cea-5457-4dfa-9d47-666c0698c335 https://www.ft.com/content/930c6cea-5457-4dfa-9d47-666c0698c...
  - mejutoco 2y ago
    I would like to add Wirecard to the list of audited companies that turned out highly irregular.
- bnchrch 2y ago
  The dogma of the anti crypto crowd here is painful. It used to be easy to take the comments here at face value as you could assume it was posted by someone rational and objective. Now I'm not so sure. This is coming from someone who isn't "Crypto is going to change the world" but rather someone who has used it successfully to be paid, pay others, and sell assets all of which would have cost me much more to do at a bank. (e.g. Transaction fees, wire transfer fees, inflated forex prices, cost of time to go to a branch etc..)