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Switching between currencies, especially paper currencies, requires trust unless you're physically handing over money. I have full control over my bitcoins, but
by natrius 12y ago
Switching between currencies, especially paper currencies, requires trust unless you're physically handing over money. I have full control over my bitcoins, but if I want dollars, I need to trust Bitstamp and my bank, or Stellar and my gateway.
Anyone can be a gateway, so Stripe can't prevent others from succeeding. The only barrier to entry to becoming a successful gateway is earning the trust of the folks transacting on the network.