>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.
> 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.)
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/) 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.
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..)
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.