Stripe making payment processing fast and reducing costs to 2.9% -> Great Innovation

Crypto making payment processing 50X faster and reducing costs to 0-0.1% -> Not important use case with little impact on GDP

Building @kiwi 
Writing @ https://kanfa.macbudkowski.com/

Engineering @ 0x | Interested in walkable cities

Met some people from Visa crypto team and they seemed very competent. On the other handu Stripe has insane distribution so if they come up with some good product, they might get adoption fast. Ofc it might cannibalize their existing business - innovator dillemas rule around me...

My sense is that the teams at Visa and PayPal are more in tune with crypto than Stripe, a company that has invested heavily in Stellar, Bitcoin for payments, Solana but not much into the EVM or Tron (USDT central)

Unlock Protocol founder.
Previously founder at Superfeedr (RSS push API) acquired by Medium!

https://ouvre-boite.com

I think Stripe won a lot not because of prices, but by removing the need for PCI compliance and a (very good) API!

building pics or it didn't happen - poidh.xyz - do fun stuff to earn crypto - come chill /poidh + follow @poidhbot

true, i know a guy who runs one of the biggest onramps in crypto and these costs are huge

problem is KYC

regular system revolves around necessity for draconian KYC rules and trying to fit crypto into them is square peg/round hole exercise

so once you jump through the KYC hoops with crypto, there goes your "cost reduction"

Depends on the region. Many folks in this region do not have access to banks and PayPal et al is either banned or cumbersome.

Depends on the region. Many folks in this region do not have access to banks and PayPal et al is either banned or cumbersome. 


https://twitter.com/aaronqfu/status/1709217218074956223?t=Nt4ZMOj__5HEu0yHBJGwfg&s=19

Dealing with this right now where an AU client is trying to take payments through a form on our platform, and the three different institutions involved are all taking cut, and also performing currency exchange, which is killing their actual revenue.