Unironically a great north star for a product.

Pay in any coin, anywhere, and the merchant receives USD (or whatever currency they operate in).

It would automatically sell the coin and route the money to where it needs to go.

This should also work on every store on the internet alongside Shop Pay etc.

The problem with this is that it’s not customer friendly, per se. When you transact in a volatile instrument that is exchanged for a stable one at the point of sale, it turns refunds and fraud protection mechanisms like chargebacks into a mess. 

The $RICKS (a publicly traded strip club biz) CEO has spoken about how he likes accepting crypto and working this way, for this exact reason. No more chargebacks from angry wives.

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

That would be one of the Hard Things™ that if you got right would probably be somewhat of a moat.

Swan accepted payment in BTC for a conference they had to cancel and this issue also reared its ugly head. 

I’m not trying to dog the idea per se but it does up the ante on customer expectation management

Maybe not a super defensible one, but totally. I followed up here a bit

Yeah that’s tough. 

Context here is important: if the product is very upfront that it’s being sold and refunds are in the recipient currency then maybe that goes a long way. 

On the customer side it’s basically like “you were going to sell these for dollars to do this, we’ve just made that flow seamless for you”. Instead of you paid in BTC, they received it, and now there’s not equivalent funds to go back to you.

Maybe not a super defensible one, but totally. I followed up here a bit  

https://warpcast.com/keccers.eth/0x35232232